Monthly Archives: October 2009

End of Month Melt Down

Profit Taking across the board in stock indexes as well as commodities…The Dow and S&P500 led the way with a 239 point and 28 handle

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Happy End of Month Halloween

Traders have used yesterday’s strength in the Stock indexes as a means to 1) take profits and 2) initiate shorts in the face of potentially

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Did Maxine Waters and Hillary watch the 100 Correction?

I was just looking at a weekly chart of the crude oil futures..Does anyone remember July 07, with a double top at 146.86 and then

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Always look for the half-way back move

Last Friday’s high on the daily charts in SX was 1029 1/2, yesterdays low was 959 1/2 or a 70 point crap in 4 trading

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3.5 percent growth thanks to cash for clunkers

Third Quarter GDP rose 3.5 percent, the first rise in 2 years…Econ 101 teaches that is the first sign a ‘recession’ is ending…Initial Unemployment claims

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Whippy Wednesday again as Crude Leaks lower

Crude has been under pressure again on an off through the day…we have traded as low as 7723 in the front option.. This put beans

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Weekly Chart’s In Grains Look Indecisive

I just took a look at the longer term weekly charts for Corn, Wheat and Beans…Looking for Support in the wake of the recent 3

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Third Day in a Row of Massive Fund Selling

A trader I have great respect and admiration for had a comment today about the recent fund selling… This individual has 35 years experience in

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Waiting for Thursday’s GDP

Some bullish news in stocks today, some bearish.. On the bullish side, IBM decided to buy back its shares at 2 times the rate it

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A Stronger Dollar and Rumors of more Bank Problems fueled a sell-off

Grains today luffed off bullish fundamental issues, with all of the rain impacting harvest and quality of the corn and beans coming in, and decided,

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