After yesterday’s positioning in 3 lots long of Wheat (CME ZW Sep14), 1 lot long of Natural Gas (CME NG Sep14), and still holding my 2 lots long of Cotton (ICE CT Dec14), the only market (from my Watchlist) currently offering a favourable risk-reward for the next few days and which I’m flat on isRead More
Today’s going to be a busy day of trading as I’ll be accumulating fresh longs on Corn (CME ZC Sep14), Wheat (CME ZW Sep14) and Natural Gas (CME NG Sep14) after having traded in and out of them last week. I’m still holding two lots of Cotton (ICE CT Dec14) long from last week, andRead More
Netflix (NFLX) has been exhibiting toppish behavior for a few weeks now, and is now added to the watchlist as both its weekly as well as daily charts now point lower. Given the downward pressure in the last few sessions, selling into a small bounce today or early next week may present better risk-reward. ArabicaRead More
After a strong performance of over 4% in gains yesterday, Arabica Coffee (ICE KC Sep14) has reclaimed the 38.2% retrace level of the 2014 Jan-Apr rally. KC will likely experience a bit of profit taking today, but has now with an increasingly bullish weekly chart, laid a strong foundation for gains in the weeks ahead.Read More
Buxl (Eurex GBX Sep14) has been added to today’s watchlist, as the German bond complex (particularly the Buxl, Schatz and Bobl) is beginning to show signs of topping after a strong extended rally. Arabica Coffee (ICE KC Sep14) experienced a bit more profit taking yesterday after a strong Friday. Expect a little more downside pressureRead More
Arabica Coffee (ICE KC Sep14) held most of the Friday gains yesterday after some initial profit taking. The weekly chart is becoming increasingly bullish. Going long the VIX (CFE VX Aug/Sep14) this week appears more attractive on risk-reward than going short the S&P500 (CME ES Sep14) when comparing their monthly, weekly and daily charts. TheRead More
Arabica Coffee (ICE KC Sep14) was a standout performer Friday, closing almost 5% higher. Although the daily chart now looks bullish, caution is in order after Friday’s strong spike higher, together with the still slightly bearish weekly chart. I am expecting a strong rally from Corn (CME ZC Sep14), Wheat (CME ZW Sep14) and VIXRead More
Yesterday’s Natural Gas (CME NG Aug/Sep14) addition was a bit early, to provide enough time to prepare for a possible trade around the weekly storage figures. As mentioned, this was a high risk trade idea as the weekly chart suggests more downside. On the shorter term charts as seen below, after yesterday’s strong selloff, NGRead More
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
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
