Monthly Archives: November 2012

Grains Settle lower across the board

March corn down 6 1/2 : March wheat down 20:  March beans down 9.We might have one more flush down next week in the grains. 

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Take profiits on Longs in the Grains and Walk away

Today I’d take profits on long positions in the grain and walk away for the weekend.In the last 2 weeks, corn and wheat rallied over

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Don’t get caught chasing the S&P and the Dow Weak Longs

We’ve now bounced 600 points and we’ve breached the 13,000 psychological level.  In my opinion, we well chop around this level for the next month. 

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Dow Tests Support Today on a well known Fibonacci level

Today’s low in Dow Jones futures was 30 ticks below the 12,775  level.  This was a test of the first Fibonacci retracement at 38%.  38

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Be Wary of the Bull Side for Stock Indexes For Now

I don’t like the Dow again from a buyer’s position until we get back to 12,700 or 12,650.. We might just chop aimlessly here in a

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Trade with me in 2013

If you are a regular reader, consider becoming a client. The opening account balance minimum is reasonable. Right now, my firm is also offering

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Take Profits in Soy, Corn and Wheat

Today’s high in January beans came within one cent of the 38% Fibonacci retracement at 14.47 1/2.  this is a good place to take profits

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Gold $1,800 would be sale target

$1,750  marks a 75 dollar an ounce rally in the past month.  The October high nudged $1,800 then we dropped 125 bucks an ounce in 5

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Step Away from Stock Index long positions now

We had a 550 pt rally in the last 5 trading days.  I’d step aside from long positions now and I’d be looking to sell

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Dow hits upside target: 12,939 Take Profits

12,939 is the 62% retracement of the sell off we suffered through,  capped off by last Friday’s 4-month low tick at 12,436.We have bounced back

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