Today’s session will be relatively subdued with the US/Canada Labour Day holiday trading hours in effect for select CME markets. Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min KC was closed yesterday so today’s notes are a repeat of yesterday’s. KC is in the late stages of completing its pennant as seen in the 4hr chart. TheRead More
Today’s session will be relatively subdued with the US Labour Day holiday trading hours in effect. ICE markets are entirely closed today. ICE 2014 Holidays Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly/30min/5min SI continued selling off on profittaking Friday following its surge Thursday, and is increasingly well positioned for a follow through on last week’s rally attempts.Read More
Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly/30min/5min SI has moved up to the top of my list today, given its strong warnings to the upside as made by the spikes up (albeit shortlived) these last 2 days. In the Asian session, it has currently retraced a fair amount of yesterday’s surge, but forming a higher low versusRead More
Netflix (NFLX) Weekly/Daily/4hr/Hourly/30min/5min NFLX’s slide yesterday puts it back into the spotlight, as it can be seen breaking below an uptrend support line drawn in my 4hr chart. Significantly, on the daily, you can see as well how the RSI and Stochastics are both turning down. The lagging daily MACD is also close to aRead More
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min Yesterday’s standout performance from KC should lay to rest any doubt that the uptrend is continuing. The weekly and daily RSI, Stochastics and MACD all point higher. As those who’ve followed my thoughts on KC will know, the missing ingredient late last week to Monday to KC rallying wasRead More
VIX (CFE VX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The VIX is now much closer to offering an attractive short-term long entry. It has in the last week repeatedly tested its July low, and is currently exhibiting a rising daily MACD histogram which should result in the MACD green line flattening soon. Its daily Stochastics is oversold and theRead More
Wheat (CME ZW Sep14) moved up nicely during most of Friday’s session, until slamming down in the final 5min of trading to end more or less where it started on the day. Given its gains since the July bottoms, it’s appearing a bit tired on the daily, 4hr and hourly Stochastics and MACD. I amRead More
Wheat (CME ZW Sep14) had a solid performance yesterday, and appears ready to resume its rally off the July bottom. The MACD and Stochastics look bullish across the weekly, daily, 4hr and hourly timeframes now. Amongst all the commodities I’ve been watching, ZW is the closest to seeing a weekly MACD positive crossover. I amRead More
Cotton (ICE CT Dec14) was a standout performer yesterday tacking on more than 2% in gains, and continues its rally at the time of this writing. The weekly MACD green line is flat now, and the daily RSI, Stochastics and MACD all clearly pointing higher. Unfortunately, I exited my longs yesterday far too early aroundRead More
Tesla (TSLA) fell for its fourth day yesterday, creating a bearish profile on its daily chart. Most importantly, a double top can be seen forming between the Monday high and the all-time high made in February of this year. The daily RSI, Stochastics and MACD now all appear to be rolling over. Given the steadyRead More
