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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 […]
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 […]
Note: This article was also published on Seeking Alpha. Bull markets, like college fraternity parties, usually begin in relatively quiet fashion – with small participation, initial awkwardness, and some doubters. In both cases, things have a tendency to quickly kick into gear when they are driven by supply and demand fundamentals – be it alcohol, […]
Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 JUL 08 Corn 605 628 1/2 $2,350.00 04/29/08 Long 1 OCT 08 Live Cattle 103.850 107.050 $1,280.00 04/30/08 Long 1 OCT 08 Live Cattle 104.350 107.050 $1,080.00 05/08/08 Long 1 OCT 08 Live Cattle 105.350 107.050 $680.00 05/09/08 […]
The dollar rally continues today, on the back of comments by a Fed Head mentioning inflation, and hinting at a potential rate increase in the cards. I’m filing this one in the category of “I’ll believe it when I see it”. Personally I wouldn’t mind seeing the rally continue, just sweetening the entry prices for […]
Jim Rogers on CNBC yesterday, with everyone’s favorite Money Honey, Maria Bartiromo. Thanks Toby for the find on this one.
Same story we’ve been following here. A nice rally in the grains today, and a little bit of life in the softs as well. Can corn continue to break out from here? It’s been rangebound for the past couple of months – I keep thinking that fundamentals will eventually prevail and push corn past the […]
Better to be lucky than good – my accidental rice short on my exit ended up being a very nice trade. Looking back I covered too early, but oh well…lucky entry anyway, I was scared of being too greedy. Not much doing now – commodities are pretty much experiencing a correction across the board. Yen […]
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