Monthly Archives: January 2011

Good Trading Profits today for Short Stocks and Long Crude

FYI, if you go back to my letters on Jan 23 and 24, I suggested selling the 12,000 print in Dow cash and the 1300

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Crude bounces from 85.07, 87.90 then 88.74

Crude finished its 10-day, $7.00 break from 92.50 down to today’s low at 85.07… Its Friday. Its the last day of the month. Traders

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Dow Prints 12,000 but can’t settle above

Fan fare, trumpets and three cheers emanated across the assorted TV Crews as the Dow printed 12,000. S&P Cash couldn’t get the 1300 print, however,

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Gold and Silver have room to go on the downside

A daily chart of gold looks a little ugly for the bulls. It looks like a head and shoulders. I wouldn’t be in a hurry

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Crude trades to 86.30… 86.34 was my target 2 days ago

This morning’s break in crude went right to the target of 86.34 with a low at 86.30.Resting orders there covered all shorts. It looks like

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Last Friday From the Floor


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Monday Morning Hang Over

Good Morning,Dow cash is only 75 ticks away from that 12,000 print. Granted the national press won’t get their toes curled up until we settle

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Dow peaks above 11,900

11,905 was today’s high tick in dow cash. 12,000 can’t be far behind. And the feeling is still bearish. This is shaping up to be

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Rumors of Chinese Buying US Corn Spark buying and short covering

Can anyone say “volatility”?? Just yesterday CH broke from a new 2-1/2 year high at 666 1/4. The low was 7.27 1/2. 7.30 was a

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Key Reversal in Corn.. Breather or Elevator Shaft?

Corn made a new 2-1/2 year high at 666 1/4. that marked a 1.46 rally from the November low, and a 71 cent rally from

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