THIS COMING WEEK
I am traveling for the next 3 days so no promises on posts. I hope to find time to do them but I do not know if I will be able to. Everything is basically the same as the posts for the last few days. I am looking for a Bond decline somewhere here. I feel bad here in that my mentor showed almost this same chart today, but since I have been talking about this for a couple of weeks, I was here first. I would ideally like to see another day or two up, I do not know if we will get them or not. My short term entry stuff needs that for a trade. Also, if we were to rally a little the COT Synthetic Indicator might come down some which would be better than the way it looks here. We can't always have it all so if you are aggressive you could take a shot right here. if we break down.
I am still looking for the next short trade in the indexes, but do not see anything for the next few day here. The short term trend is up, the weekly trend is down, so selling rallies against the higher time frame is generally the way to play ball.
For the most part, markets are currently in short term up trends. The one trade that could be a biggie coming is Sugar.
We have both a cyclical call for a top, not shown, and the seasonal tendency for a decline. We also have huge divergence at the highs here accompanied by a quick price reversal. If we get follow through to the down side, this is one I will be playing. I do not see a trade for Monday, but one appears to be coming.
I am also watching Natural Gas as I have mentioned for a buy, and have been flirting with Hogs on the long side. The Hogs are just one I keep coming back to even though it has some issues and it not perfect. I have had orders to buy this market a couple of times recently that were not filled.
That is all I have today, time is short and I will do my best next week to point out something if it comes up.