SHORT TERM PORTFOLIO UPDATE – As of November 27, 2009

Short-Term Trading Update – as of November 27, 2009
The market has been looking for a reason to correct and Dubai may have provided the answer. I am expecting a week of correction. The question will be whether this the start of something bigger or just a short correction and then the upward movement resumes.

S & P 500 (ES) – Trend is still up but barely. Currently on buy signal from 11/09 at 1091.75.

Sugar (SB) – Trend is still down with no trade in place.

Silver (SI) – Silver stopped out due to volatility at 17.84 for a slight profit.

Gold (GC) – Trend is up but still overbought. No trade in place.

Soybeans (S) – New long trade in place from 11/17 at 1029 basis January.

Cocoa (CC) – Trend now up but no trade yet.

Dow Jones (DJ) – Trend is up with long trade in place from 11/09 at 10,192. Will see if uptrend holds.

Soybean Oil (BO) – Trend is up with long trade in place from 11/11 at 37.89

Coffee (KC) – Trend is now up but no trade yet.