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CH gapped open higher and are now making new lows.,  SH were 30 higher earlier,  now are 10 lower.  WN tried to trade above 8.00, put in a high at 8.02,  we are now trading at 7.80.
This type of action suggests underlying weakness which is puzzling.
With Crude higher and the Dow higher, combined with the fact that its the first of the year, we should be getting $ flow Into Commodities.  Logically we should be higher.

The fact that its not playing out can mean one of two things.   1) We are still in thin Markets b/c the masters of the universe are […]

Its Wednesday Jan 2nd at 8AM CST and the high in Dow Futures so far is 13,255. Monday’s Panic low was 12.742.  5th grade math tells you That’s 513 points from panic low to today’s high. 
I can only hope you followed along and at least covered shorts on buy stops.  If you didn’t worse case scenario you lost 2500 on every mini you were short.  Not a good way to start 2013.

On a positive note,  Where is there resistance above?  12,270,  13,300 and then the 13,318.  Once those fall, you have to look at the contract high at 13,496,  going back to […]

Its Wednesday Jan 2nd at 8AM CST and the high in Dow Futures so far is 13,255. Monday’s Panic low was 12.742.  5th grade math tells you That’s 513 points from panic low to today’s high. 
I can only hope you followed along and at least covered shorts on buy stops.  If you didn’t worse case scenario you lost 2500 on every mini you were short.  Not a good way to start 2013.

On a positive note,  Where is there resistance above?  12,270,  13,300 and then the 13,318.  Once those fall, you have to look at the contract high at 13,496,  going back to […]

I hope you covered.   An important safety tip, when there is a level in the Dow, I tend not try to get the exact tic.  Instead I will be in a 30 tick window around that target.  15 higher or 15 lower.
I cautioned on Friday to have buy stops, in case this stuff popped by150 points.  Low an behold we are back up at 12,862, about 100 points higher off those lows.

The 6 years I spent standing in the Dow  pit when open outcry was still viable, taught me how nasty the moves could be in your face if you were complacent.  Back in […]

I just turned off the screen and made a few calls.  In the last 2 minutes of trade in the march futures, it took a 50 pt haircut. We had been down 180.  Finished down 226 down to 12,777, with a low at 12,766.  I have 12,740 as my next support.  We could see 12,799 or maybe even 12,500 if they whack this thing Sunday night.   Stay short my friends.  But make sure you have a buy stop above. And make sure its a buy stop.  Not a stupid  buy stop limit.   Using limits on your stops is counter productive.   When you need to get […]

I wrote this AM and had 12,851 as support, followed by 12,740.  Today’s low so far has been 12,843.
Hopefully you covered some shorts here.  I forgot completely I had that as a buy level.  I was busy all day focusing on the small bounce in the wheat and the corn, which I think are oversold, yet still vulnerable to another flush.  I remain short a small position, but I have taken profits at this 12,850 level.

I have also been watching the rally in cattle over the last 10 days. We seem to have come too far too soon, and have left some room […]

March Dow Futures have good support at 12,851 and the 12,740. If they cut it loose, there is support down at the 12,400 level,  at 12,382, which was low of the November puke fest after the US elections which saw a 724 point drop in 9 trading days, starting on the 7th and bottoming out on the 16th. 
Subsequently, March futures rallied 936 points from 12,382 up to 12,219 on the 19th.  Technically, it looks like a nice “v bottom ” on the daily charts.   That being said, what it looks like is we may just trade through this 1,000 pt mess for a […]

13,300 proved to be the head fake point for Dow Futures.  If you’ve been reading, you know that I had ALL my short futures blown out with that settlement above the 13,300 level. .  Since then we have been mired in this narrow 300 pt trading range.  Today’s low in the March Dow,  at 12,894, took out 12,900 by 6 ticks.  Bottom line, markets not digging the news coming out of  Washington. March S&P holding a small gain, though so its really not too smart to get too excited one way or another. 
If you are smart, you don’t have any major stuff on now […]

New Crop 2013 Dec Corn settled below $6.00 today.  This is the lowest settlement in 4 months.and opens the door for a test lower down to a test of $5.88 and then $5.70   Why 5.88?  Tis the 1/2 way point from the big summer drought rally.    The settlement below the round number at $6.00 will attract fresh selling, in my opinion.

To refresh.  The low on Jun 15th was $5.11.  We then rallied all the way up to a high in Sept 9th at 6.64.
Be patient.  A dip to 5.75 should be the area you want to cover shorts and/or initiate long speculative positions, […]

Looking forward wishing all a Merry Christmas and a Happy 2012. I hope you can all profit from reading this letter and I mean it with all due respect.  If you like what you have read and would like to become a client,  please contact me at christianrobinon1@gmail.com  
I will be back with a comment on the 26th or the 27th if I see something worth talking about.

CER