Dow futures found support overnight at 12,319. Currently we are 150 pts higher than that low. It seems to me that the Europeans and Asians tried to run the tables lower overnight. Remember, in 2 more weeks, Europe shuts down for...
Read MoreOn June 16th, 15, and 22nd, Dow futures found support at 11,800. This corresponded with 11,862. Between That was roughly 3 weeks ago. 10 trading days saw the Dow Cash Rally 853 points !!!! Last Friday’s high was 12,753....
Read MoreInterestingly enough, the same people who were talking about a new great depression when the Dow was down below 12,000 have now decided that its time for a double dip recession. The Dow rallies 850 pts, all is well::: We get a...
Read MoreI had 11,900 as a buy in Dow Cash. Quite frankly, I was happy with the 500 to 600 pt profits on those buys.The shorts which I initiated between 12,400 and 12,500 have all been blown out with my buy stops. I believe we are over...
Read MoreI didn’t get a chance to write last night. We were very busy in front of today’s USDA crop report.Thankfully, one of my rules is that its good to get flat, on a futures basis, in front of numbers.I like options in...
Read MoreNext stop for the US Dollar resistance is at 76.86-77 from April 2010, then the March high at 77.675 and then culminating with the Feb highs at 79.00For Today, the stock indexes caught a bid, rallying back 150 pts as I write...
Read MoreGold Has 80 to 100 bucks down side risk if 1500 does not hold. There is no support until 14.70 and if that fails 1420 is the next stop down on the liquidation band wagon of commodities.I recently read in the WSJ how India and...
Read MoreOnce again, having a plan works.I am still long my Stock index position. Thankfully, I had my sell stops in prior to the correction. As the market broke, I wasn’t even watching. I had a ton of other stuff going on, but I...
Read MoreBig slap down in the grains today, led by european selling of their french milling wheat. Bottom line, I had bought the dip, and gladly took my 10 cent loss. Corn was down 30 today. Last night we were ten higher. Today we end...
Read More300 pts is just a drop in the bucket, but its a good bounce none the less. There is a trend line above us with an intersection at 12,350. Use 12,350 as a target to liquidate 2/3 of the long positions hopefully you have been...
Read More
