Corn: CZ settled up 5 3/4 cents at 7.26 3/4 while new crop CZ13 settled up 2 cents at 6.08 3/4. For the week CZ lost 11 3/4 cents, while CZ13 lost 20 3/4 cents. Corn posted its low before the pit session opened, down at 7.11 and...
Read MoreThe June low for DJZ was 11,955. The October 5th 4-1/2 year high was 13,599. Today’s low so far is 12,490. A 1,644 pt rally, and we have given back 1,109 points of that rally, or 67.5%. If 12.500 doesn’t hold, I...
Read MoreDecember Dow has one more support. As I write this, President Obama is speaking. The Dow is down another 115 pt. The last support area I have is 12,560. Good Luck. 12,758 was a 50% retracement of the rally which began in June....
Read MoreNews last night from Japan that their economy is under stress was enough to tip the sales sellers again after Friday’s sell off in the beans. Beans are down 47 today, looking at testing the 14.00 level. Will the Chinese...
Read More12,550 and then 12,302 are two more extreme downside targets for December Dow futures. Monday I am going to switch to the Mark contract. The high Wednesday morning was 13,251…. Today’s low tick was 12,670. From tip...
Read MoreToday we got to the good support at 12,777. If that doesn’t hold, the next stop is 12, 581. If the 12,777 does not hold with reasonable level we could easily take this to 12,600. 12, 582 is the 62% Fibonacci. We could see...
Read More12,954 is a buy in Dec Dow Futures. Down 245, now the weak shorts are getting short. Buy it, put in a sell stop, and don’t look at the screen, TV or monitor until tomorrow. I’d also buy corn, wheat and beans. Time...
Read MoreThe smoke has cleared. President Obama has won re-election. The country is the most divided its been since 1883. 47 million people pay no taxes. Will those that earn continue to invest and have faith in the US economy? Long term...
Read MoreWhile that was a scary buy and SX traded to a low at 15.03, certainly 3 cents of heat was worth the rally up to 15.25 3/4. As I write this is trading at 15.23 20 cents a contract is $1,000.00 a contract 1) Take profits in 1/3,...
Read MoreLast night’s low was 15.09 in SX. 15.06 is technical support. I don’t anticipate much trade at all today in front of Tuesday’s election day. Probably a good day to sit on the sidelines, or trade very small in...
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