Friday 11 June 2010 When a market builds a sideways base, breaks out of it, then retests the breakout, it is one of the “safest” kind of a position to take. Natural Gas has been in a sideways base from which a...
Read MoreThursday Evening 10 June 2010 Our read on this developing market gyration has been on target, starting with identification of demand buying back on 25 May, and expectations of a trading range. [See S & P – A...
Read MoreWednesday 9 June 2010 This is what can happen in a trading range: a promising rally, followed by a promising decline, neither able to deliver. Ostensibly, today’s failure to hold gains that turned into losses would be...
Read MoreTuesday Evening 8 June 2010 Price is at the lower end of potential support, so it would be tenuous to go short here. The support is potential and not proven, so it makes no sense to go long here. The solution? Wait for the...
Read MoreMonday Evening 7 June 2010 Next to reiterating how important the trend is for successful trading, developing market activity is the best way to read the market for understanding the probability of what may next happen. Last...
Read MoreSunday 6 June 2010 The answer to the question posed, is there trouble with a big “T” or a little “t” in store for the S&P? Turns out, it was large. That there would be a decline came as no...
Read MoreThursday Evening 3 June 2010 What does the size of a trading range mean? In an uptrend, it could mean a lack of demand, or it could mean sellers overcoming buyers. Volume would give a better indication of which is which. ...
Read MoreThursday 3 June 2010 While we have wanted to establish a long position, it has been a difficult market with daily/intra day rallies followed by declines and declines followed by unexpected rallies. This kind of activity is...
Read MoreWednesday Evening 2 June 2010 A few weeks ago, an astute colleague who knows as much about the grain trade as anyone, was touting the short side of corn when price hit 380. We took the myopic view that price was in the middle...
Read MoreWednesday 2 June 2010 The move down in the Euro has been persistent. Notice was made of the length of the last two waves down that reminded us of a technical tool that sometimes has validity. A directional move can reverse...
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