Chris Robinson

Two Charts to look at on the Stock Indexes prior to Friday’s Unemployment figures:

YMM14 (Doe Index) 16.465 remains the high which was posted on New years Eve, just 3 months ago. After that , we had the February Swoon, followed by the bulls fighting back every bit of that 7% pull back.
Friday we look to be funneling into a real test of that old high.  A settlement above that level would open the door for Dow 17,300.
A lot of the general public is still out of this market. As always,  its going to take a big psychological target to bring them back.  I […]

Two Charts to look at on the Stock Indexes prior to Friday’s Unemployment figures:

YMM14 (Doe Index) 16.465 remains the high which was posted on New years Eve, just 3 months ago. After that , we had the February Swoon, followed by the bulls fighting back every bit of that 7% pull back.
Friday we look to be funneling into a real test of that old high.  A settlement above that level would open the door for Dow 17,300.
A lot of the general public is still out of this market. As always,  its going to take a big psychological target to bring them back.  I […]

April Gold Retraces38% of its 3 month rally.  Last week, April gold rallied to its highest price since September.  That’s marked a 6-month high. That was a week ago today.  The high tick was 1392.60. We missed the 1400 print by just $7.40
First support it 1312
Second support 1287
Third support 1262.

These are pretty simple Fibonacci Supports. 

This is a Weekly Chart of the Dow basis June contract.

6 weeks in the past 13 we’ve tested 16400 and sold off.  In my opinon, if we settle above 16,400, it opens the door to a run up to at least 17,000.
IN the mean time.  Every time it comes close to 16,400 :  I’d continue to sell it.
If you had done that in the past 3 months, you would have had a bunch of opportunities to scalp profits on the sell offs.

Is there a […]

This is a Weekly Chart of the Dow basis June contract.

6 weeks in the past 13 we’ve tested 16400 and sold off.  In my opinon, if we settle above 16,400, it opens the door to a run up to at least 17,000.
IN the mean time.  Every time it comes close to 16,400 :  I’d continue to sell it.
If you had done that in the past 3 months, you would have had a bunch of opportunities to scalp profits on the sell offs.

Is there a […]

Corn: May Corn settled up ½ cent at $4.79. December settled down 1 ¼ cent at $4.79 ¼.. For the week, CK settled down 7 cents, while CZ settled down 7 ¼ cents. Corn had subdued trade to finish the week, with just a 5 cent trading range. It looked like the trade was more interested in their NCAA brackets then making big changes heading into the weekend. May corn has done some back filling in the wake of the 6-month high at $5.02 ½ posted two weeks ago. […]