Investing and Trading News, with a Contrarian, Sarcastic Twist!
Cattle’s looking good – I’m keeping an eye on the Feeder market also. Wish I still had all my Live Cattle contracts, but oh well – looking to add on a new breakout. Pork bellies are not looking good – same article linked above mentions too much supply on the market. Quite a breakout by […]
BP Capital CEO Boone Pickens thinks we’ll see $150 oil before the end of the year. He also bought 10 million shares of Yahoo, following his friend Carl Icahn into the deal. He also believes demand destruction in oil due the US slowdown is a non-issue, as the rest of the world is compensating for […]
Jeff Clark from Growth Stock Wire believes we may be at an inflection point for a downturn in the market. He sites a falling VIX, CNBC exuberance, a falling put/call ratio, and underperforming shares of Merrill Lynch as potential caution signs.
Hell, I really took it on the chin last week, particularly toward the end of the week. I wasn’t sure what to do – so I figured when in doubt, get out! Nothing seemed to be acting well – corn especially appears to be a disappointment. I’d rather sit on the sidelines and reevaluate, rather […]
Kevin Kerr recently started up a blog on his trading site. I’ve added a link here on the left. Crappy day today, winding down on a crappy week. Corn has been getting absolutely whacked on the good weather reports – I’m still in the trade, with a stop down at 578. Natural gas has been […]
Full article, with commentary on Jim Rogers’ current takes. If base metals continue to consolidate, he plans to buy more Rice prices must go much higher to cause supply to rise He expects the dollar rally to continue, because everyone is bearish (including him) He holds the currencies of commodity producing countries, such as Canada, […]
Corn futures have been whacked this week. Dry weather over the weekend helped farmers make impressive gains, but plantings are still behind. This may be a nice buying opportunity. All the “on the ground” intelligence I’ve seen still indicates this crop could be in serious trouble. These could be some deceiving positive numbers that are […]
This from Jeff Clark at the Growth Stock Wire. I read this guy regularly and he tends to be spot on with his trading calls, so definitely worth paying attention to.
Chuck Butler mentioned yesterday in the Daily Pfennig that, for the first time since 2005, Futures Traders are going long the US Dollar. 2005, you’ll remember, was the year of the dollar’s counter rally in this downtrend. Nothing goes straight up or down, so we’ll see if this is the start of some sort of […]
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