Monthly Archives: June 2011

92.2 Million Acres– Look Out below

I didn’t get a chance to write last night. We were very busy in front of today’s USDA crop report.Thankfully, one of my rules is

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This Morning From CME Trading Floor


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US Dollar UPDATE 3-month high

Next stop for the US Dollar resistance is at 76.86-77 from April 2010, then the March high at 77.675 and then culminating with the Feb

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Hanging Fire

Gold Has 80 to 100 bucks down side risk if 1500 does not hold. There is no support until 14.70 and if that fails 1420

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Live From the Floor of the CME Today


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Panic VS Trading Dow 11,900 HOLDS AGAIN

Once again, having a plan works.I am still long my Stock index position. Thankfully, I had my sell stops in prior to the correction. As

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That’s Why I use Stops

Big slap down in the grains today, led by european selling of their french milling wheat. Bottom line, I had bought the dip,

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11,900 Dow Cash brings us to 12,200 but it could be short lived

300 pts is just a drop in the bucket, but its a good bounce none the less. There is a trend line above us

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Adjust Stops to insure a 100 pt profit in Dow Position

Currently, its 925 AM Chicago Time. Dow futures are at 11,962. You should have been long at the 11,800 level. Raise your protective stops to

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PUT YOUR SELL STOP IN AND SIT TIGHT

Dow 11,900 CASH holds. This translated into dow futures at 11,800. I know it was painful and uncomfortable to step in

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