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Currently down futures are at 10915. Buy order at 10,800 was filled. The low was 10,791.

Lock in profits and look for a bounce. The whole world wants to sell the Dow. If you had the order resting, you are now long and have 1K paper profit.

Sell 1/3 of your position. Puts sell stops in on the other 2/3.

Interestingly, CZ, December Corn holds tight at 655 and November Beans hold at 13.00. I have to continue to want to be long grains.

A market that holds up when it should be melting is indicating underlying strength.

That strength […]

Today we are exploring the depths of support. 11,038 was a good buy. We are currently at 11,223.

If we have a total puke of weak longs, you MUST have buy orders at 10,800.

That is a screaming buy.

CER

11038 should be an entry point to buy. This 200pt lower opening is Europe and Asia pounding on markets after s and p downgraded debt of us on Friday night after the close . Unless u have been under a rock for the past 2 months this seems like it was a forgone conclusion. O think this is more of an academic argument now. Given that stance than this break is another opportunity to scalp the markets silliness.

Remember … Last July 2010 we went to 9500… why couldn’t we go there again?? In march of 2009 we we went to 6500… Remember that?

[…]

The average profit on the longs bought this morning at 11,200 is 288 pts. That’s $2,880.00 dollar profit on every one lot $10.00 contract.

Just a quick note before I head out for the weekend.
To all my regular readers, a heartfelt thank you.

If you like my trading recommendations, consider contacting me via email directly at christianrobinson1@gmail.com

I look forward to hearing from you.
I am an executing broker here in Chicago IL.

Best
CER

Dow futures are 400 points off their lows. The low was 11,088. Buy area was 11,200-180… I hope you bought there.
If you did, take profits on 1/2. Reward yourself. Make sure that your winning long NEVER turns into a loss. Put a protective sell stop above your buy level and fold your arms.
I like taking profits on 1/3 to 1/2 of the position. Fold your arms.

On a second note, I think you MUST buy some CZ futures or options if we settle above 715.
The corn has held up AMAZINGLY well during this stock index correction. That suggests underlying strength.

That […]

The low overnight was 11,221. This is within 50 ticks of a perfect 50% retracement of the move. What move? The move that started LAST July 4th weekend, July 2010, where we posted a low at 9506. We rallied to a 3 year high just 2 months ago at 12,873. These are futures prices. A 50 % retracement was 11,183. Last night’s low at 11,221 was close enough for horse shoes.

If you check my old blogs, this is the level I was hoping to get long at.
Act accordingly.
Place your sell stops at a level where you are comfortable with the loss. Risk […]

My stops saved me today. I bought earlier and was stopped out. I had been short from 12,200 though, so its still a decent trade.

11,235 is my buy target. I have resting orders there. That is all.

I think we could melt down to 10,848 on an extreme puke from panicked “investors”.
Its always interesting how “investors” turn into panicked traders when they are looking at 10% draw downs.

Earlier today I said CNBC would be looking for razor blades and slip knots for its analysts.

Tomorrow’s unemployment number will be a big bust most likely.

Sit tight. Pick your spots, and for God’s […]

We reached our first buy target. 10625 in Dow Cash. This is the first level I want to buy.
I had been short, if you check my postings, when the Dow was trading at 12,200.

I am getting long against the March 17th low at 11,451. We were here just 4 months ago.

I am covering shorts here. I am going long, risking 150 pts on a downstop.
That is all.
CER

China downgrades US debt? We are looking at an average guess of 9.2 for unemployment tomorrow. Currency wars are on, as Japan sells yen against the US dollar.
Vladimir Putin, the Soviet Union’s Godfather, calls the USA “parasites on the world economy”? really? where was he when Russia defaulted during the Clinton administration? Does anyone remember Long Term Capital Management??

So, looking at Dow futures, there is support at 11,451, which was the March 2011 low. That level also corresponds to old resistance going back to April of 2010. 10,916 was the December low from just 9 months ago.

Market’s will push until they find […]

China downgrades US debt? We are looking at an average guess of 9.2 for unemployment tomorrow. Currency wars are on, as Japan sells yen against the US dollar.
Vladimir Putin, the Soviet Union’s Godfather, calls the USA “parasites on the world economy”? really? where was he when Russia defaulted during the Clinton administration? Does anyone remember Long Term Capital Management??

So, looking at Dow futures, there is support at 11,451, which was the March 2011 low. That level also corresponds to old resistance going back to April of 2010. 10,916 was the December low from just 9 months ago.

Market’s will push until they find […]