Today, I’ve added Natural Gas (CME NG Aug/Sep14) to today’s edition of the newsletter as it’s possibly gearing up for a tradable bottom ahead of the natural gas storage numbers (Thurs 1030am EST). Note though that given a fairly bearish weekly chart profile, this trade will be an aggressive one suited only for those whoRead More
Month: July 2014
Corn (ZC)/Wheat (ZW)/Coffee (KC) Still Bottoming; S&P500 (ES)/Nasdaq100 (NQ) Toppish, but Beware of Slightly More Upside
Corn (CME ZC Sep14), Wheat (CME ZW Sep14), Arabica Coffee (ICE KC Sep14), VIX (CFE VX Aug14) continue to exhibit bottoming action today and are positioned to forming a tradable bottom that is likely to be followed by a rally lasting into mid next week. S&P500 (CME ES Sep14)/Nasdaq100 (CME NQ Sep14) on the otherRead More
Corn (ZC)/Wheat (ZW)/Coffee (KC) Bottoming, S&P500 (ES)/Nasdaq100(NQ) Topping
Corn (CME ZC Sep14), Wheat (CME ZW Sep14), Arabica Coffee (ICE KC Sep14), VIX (CFE VX Aug14) are well placed this week to form an interim tradable bottom, and ES/NQ to form an interim tradable top. Yesterday`s price action saw ZC, ZW, KC and VIX rallying after strong selling pressure the previous week. ES/NQ continuedRead More