Beginning in October of 2012. There is a bear T-line which has been tested 6 times now. It’s significant. Bottom line, if we settle above, the gold bugs might get a present with a rally.. Flip side, if we stay below, it suggests we are on a slow boat to China looking at testing 1000 sometime in the next 6 weeks possibly.
As we head into the last 2 weeks of trade for 2014, where are we? We had 2 “corrections” in the S&P this year. February, we dropped 6 % to a low at 1712 from 1813. We then had a 10% correction between September 15th and October 15th… we dropped from 2014 down to 1813. If you had bought the Feb low and held it—- You’re up 367 points, or 21%. IF you bought the October 15th 10 percent correction down at 1813…. You are up 266 points in 2 months… or 15%….. December will most likely have mangers buying stocks to dress up their […]
November 28, 2014 Written by Chris Robinson Corn: March corn opened lower, bounced 7 cents early and then chopped lower through the rest of the abbreviated session to finally end down 3 ½ cents at $3.88 ¾ . For the week, CH lost 3 ½ cents on the week and oddly, down just ½ for the entire month. Exports today were very healthy coming in at 944,900 MT. This was up 4 percent on the week and 59 percent from the prior 4-week average. Monday we will get a fresh commitment of traders report, but given the short week and lack of movement, it most […]
50 % retracement of the $1.74 Rally…. Might be a good support level on an initial test…
Corn: CZ closed down 3 ¾ cents at $3.67 ½. For the week CZ lost 9 ¼ cents. The average analyst guess for Monday is 14.528 billion bushels. The average analyst’s yield guess is 175 bu/acre. World Supply 2014/15 ending stocks average analyst’s guess is 190.77 MMT. Argentina announced 8MMT of new corn export quotas which will hit market sometime during March 2015. The weekend harvest weather looks dry and cold here in the US. Planting is going forth as well as expected with only 15% of Argentina’s acres delayed due to lingering drought. Monday we will get a worldwide supply update. The trade is […]
Corn: CZ closed down 3 ¾ cents at $3.67 ½. For the week CZ lost 9 ¼ cents. The average analyst guess for Monday is 14.528 billion bushels. The average analyst’s yield guess is 175 bu/acre. World Supply 2014/15 ending stocks average analyst’s guess is 190.77 MMT. Argentina announced 8MMT of new corn export quotas which will hit market sometime during March 2015. The weekend harvest weather looks dry and cold here in the US. Planting is going forth as well as expected with only 15% of Argentina’s acres delayed due to lingering drought. Monday we will get a worldwide supply update. The trade is […]