Blog Archive

We had our bounce back to 16,500 and couldn’t cut through.

Today’s low is 16272 and we are trading at 16,312 currently as I type this.

16231 again is important b/c its 5% pullback from the high at 17085.

For those of you who are true “doom and gloom, sky is falling,  better get in the bunker and load up on shot-gun shells and canned goods”  a 10% pullback gets us at 15,377.   I’d call it 15,400 just to be simple.  Of course if that happens,  we’ll probably get the 15,000 print, just to paint the tape.

A correction here is a gut test […]

Yields and the USDA – Traders Exclusive – Chris Robinson talks about the upcoming USDA report and possible outcomes.

The contract high for Dow Sep Futures was 17,085.  Friday’s low was 16370.  That low took out the May 22nd low by 60 ticks.

A 715 point break from the high to Friday’s low pencils out to a 4.2 %  pull back.  If you read my last few entries, I wanted to be a buyer at a 5% break.  That would have been an 854 point break, or 16231.

For Sep S&P futures,  the high was  1985.    A 5% correction would take us down 99.25 handles.   A 10% would take us down 198.5.

Friday’s low was 75 handles off the high, or […]

The contract high for Dow Sep Futures was 17,085.  Friday’s low was 16370.  That low took out the May 22nd low by 60 ticks.

A 715 point break from the high to Friday’s low pencils out to a 4.2 %  pull back.  If you read my last few entries, I wanted to be a buyer at a 5% break.  That would have been an 854 point break, or 16231.

For Sep S&P futures,  the high was  1985.    A 5% correction would take us down 99.25 handles.   A 10% would take us down 198.5.

Friday’s low was 75 handles off the high, or […]

http://video.foxbusiness.com/v/3701685370001

http://video.foxbusiness.com/v/3701685370001

New Lows and Crop Conditions – Traders Exclusive – Chris Robinson talks about corn, wheat, and bean crops. The crop conditions are good to excellent and the weather is prefect. There is no turn around Tuesday so far.