This is a weekly chart of DJH.
The Trend-line support was loudly trounced to day and the TV commentators are looking gloomy.
A 339 point drop in a day.
16489 to 15806 THAT is the interesting break. From the high Tuesday til Today’s low— That’s 4%.
Is a 4% correction from record highs, really something to light your hair on fire over? I don’t believe so.
In October, we traded down to 14,588.. On October 9th. Every one knows that we had the 1929 market crash in October.
We […]
Mini S&P’s test 1800 level. Dow futures below 1600.
I fail to see how this is considered “a correction”. its a 2.7% pull back in S&P off record highs.
Its 3% pullback from record highs.
I continue to look for areas to get long, responsibly.
Yesterday for a spec trade, we bought 16105 dow futures. They traded up to 16181 for a decent 70 tick rally.
Today we were stopped out at 15995.
Currently the low is 15955.
As for the beans, 1266 /1263 is the bottom of the range for SH. We’ve dropped 70 cents from our recent high at 13.30. This seems […]
To all the bull’s dismay, 1850 remains a maginot line for the cash S&P. the momemtum players couldn’t run the stops above, and now there are so many earnings coming out, there’s bound to be enough bad news to send people to the sidelines on their longs.
There are two key trend-line in the Dow mini an S&P mini. Look at the charts below.
YMH is trading at 16,118 currently, […]
To all the bull’s dismay, 1850 remains a maginot line for the cash S&P. the momemtum players couldn’t run the stops above, and now there are so many earnings coming out, there’s bound to be enough bad news to send people to the sidelines on their longs.
There are two key trend-line in the Dow mini an S&P mini. Look at the charts below.
YMH is trading at 16,118 currently, […]
I was fortunate enough to be on Fox Business News with Liz Claman’s on Countdown. She was pretty excited about the cash S&P making new all time highs. 1850 cash is a big psychological level. Nothing unusual there. Financial Anchors know that America loves a bullish story. Its always nice to feel good about new highs. Viewers like it ; therefore advertisers like it.
The panic low in 2009 was 666. Triple that and you get 1998. IF we are able to take out 1850, that would be my upside target. A triple would pull any remaining bears out of hibernation and then make them […]
There is a decent trend-line to trade around in Dow futures. 16413 is today’s high. Intersection comes in at 16,425.
There is probably 100 pts above and below the trade will try to explore. 16179 was the low yesterday and Monday. That looked like a decent break to buy at the time (see below).
If you bought it, move your stop up and forget about it.
I have no idea if we are going to scream to new highs. Its a toss up. There is a lot of […]
On December 16th we fell to 15,608,. That was the Dow futures low for 2 months. We rallied 16,540…. That’s 932 point swing in 11 trading days. But we swung higher.
But drop 361 pts to today’s low and suddenly people re-act as if the 4 horse men just rode across the horizon.
This is a 38% pull back. 16,075 is half way back and would be a good place to buy it on a spec.
If that doesn’t hold, next stop is 16,000.
I like buying a […]
A lot can be said about the slew of data today. Unemployment dropped percentage wise, but that doesn’t account for the following ” December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The fact that the Dow held up in the fact of that news was impressive, but if you stop and think about it, the market has discounted […]
Below is a weekly Chart of “old-crop” corn. CH14. Its an ugly site if you were too bullish in 2013
Now the world has finally gotten bearish. Is the herd really right this time?
Everyone has woken to the fact that we have large crops, 5 to 6 Billion bushels of corn stored and un-priced by the American Farmer, non-threatening weather in S.A (Despite every doom and gloom global warming meteorologist out there)…. We do have temperature extremes. Hottest temps in Australia for Summer; Coldest temp on record here in […]
If you’ve been following along, Gold found support right below 1200. We had a nice $40.00 bounce here and today looked like we might extend higher up to the top of this channel.
Look for these rallies as chances to sell, with downside cover targets toward the 1296 level.
CER