Monthly Archives: May 2011

Today 5/31/11 From the CME Trading Floor


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God Help Those Who Trade Off of TV Suggestions

Last Friday I wrote how the movement in Wheat had finally hit the national media. CNBC, forever perma bulls, ran a story which could only

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Downside potential in Wheat and Beans

WN has 40 cents of downside risk here. SX has 50 cents of downside risk.Both contracts have failed at upper trend line Resistance.SX has a

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Friday before a long Memorial Day —-Get Flat

I don’t like having positions on over a long weekend. Markets will be closed until Monday night at 6PM.For my taste, that is too much

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745 AM Chicago Time 5/25/11 From The CME Floor


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A quick Technical Out Look for my favorite Markets

As the school year ends, graduations and weddings are upon us, its not unusual to see the stock indexes go to sleep. June is upon

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Risk Off Day—as Greece Issues Pop Up Again

Dow Jones Cash has support at 12,321,,, 12,161 and the 12,000. Sadly we never got the doubling print up above in Dow Cash, but we

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Do not Marry any position–EVER

Sell Target gets hit, Buy target gets hit.. Now What?I watched a client ride a 12 cent winner to a 35 cent loser back to

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New Crop Beans Hit Target

I know its scary to sell into a powerful rally, but the area I wanted to sell in SX has been hit here today on

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Dow Cash Moves Towards buy targets…

Very quickly, Look for 12,325 as a buying opportunity. Next I would buy 12,150, and then 12,000.Those are scale in buy targets.As always, have an

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