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Post by simonsays on Aug 19, 2014 7:57:57 GMT -5
Good morning. The market levitation continues...
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Post by platy on Aug 19, 2014 9:03:00 GMT -5
Corn gapped down & wouldn't let me out so I hung on.
Back in oil. Triangle support, positive divergence.
ETA: Stopped out on oil.
ETA: Back in oil. If it doesn't hold this area it looks like it will go to around 92.5.
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Post by simonsays on Aug 19, 2014 9:26:30 GMT -5
I'm no corn expert but I've heard that the US is producing a record corn crop this year. I asked my Ag Economist/farmer friend if corn could go lower and he said yes. Take it for what it's worth. One man's opinion, granted he is dialed in. But not a trader.
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Post by platy on Aug 19, 2014 9:41:51 GMT -5
I'm no corn expert but I've heard that the US is producing a record corn crop this year. I asked my Ag Economist/farmer friend if corn could go lower and he said yes. Take it for what it's worth. One man's opinion, granted he is dialed in. But not a trader. Agree, just playing an oversold bounce. |
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Post by simonsays on Aug 19, 2014 9:44:07 GMT -5
I'm no corn expert but I've heard that the US is producing a record corn crop this year. I asked my Ag Economist/farmer friend if corn could go lower and he said yes. Take it for what it's worth. One man's opinion, granted he is dialed in. But not a trader. Agree, just playing an oversold bounce. Yes, I figured as much. Just thought I'd throw it out there as additional information. |
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Post by daniel on Aug 19, 2014 14:29:57 GMT -5
Platy (Spitz) Upcoming turn dates for Gold/Silver??? next turn date SHOULD be a low in my crazy mind!!
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Post by platy on Aug 19, 2014 17:55:16 GMT -5
Platy (Spitz) Upcoming turn dates for Gold/Silver??? next turn date SHOULD be a low in my crazy mind!! Big one coming up August 29. If it remains in a triangle until then it seems likely that it will break down but I could argue either way. This particular aspect tends to give a powerful reaction. |
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Post by daniel on Aug 19, 2014 18:04:52 GMT -5
Thanks!!
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Post by platy on Aug 19, 2014 20:42:07 GMT -5
Out of corn breakeven, trying a long crude one more time.
Edit
Reason for getting out of corn: Original plan was to go long at 372 but I was stubborn and followed it lower. Now 372 looks to be acting like resistance.
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Post by platy on Aug 19, 2014 22:00:32 GMT -5
Looks like SPX is on 5 up. Still holding on to 30% shorts, hopefully won't expire worthless.
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Post by platy on Aug 19, 2014 22:57:17 GMT -5
Dollar's at the top of its channel & 50% retracement from 2013 high..
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