10 year note strategy
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
I had every intent to suggest initiating bear put spreads when I starting writing this article. My own bias is for intermediate interest rates to go up, which means that 10 year note futures would need to go down. As I said, that was my intent.....but after looking at a weekly and monthly continuation chart, I've changed my mind. The market is telling me that it wants to go higher based on the formations that I'm seeing. The daily chart has been basically sideways since September. The weekly picture looks like it is forming the right trough of a W bottom. The monthly picture looks like a downflag that wants to rally to the highs made in March of 2003 and March of 2004 - close to the 118.00 level. Based on these pictures, I want to buy June 10 year note 113 calls at the market. You should get filled somewhere close to 40/64's, or around $625 per contract before commissions and fees. These options don't expire until the third week of May, so you should have time for the market to work. I would exit the trade if the June 10 year notes closed below the low made in July 2004, which was 109.05 1/2. I will update this recommendation from time to time.
Steve
Short Term Currency Thoughts
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Buy March British Pound at 1.8842 stop, consider a stop loss at 1.8565
Buy March Swiss Franc at 8479 stop, consider a stop loss at 8370
Cotton Futures Need More Carry
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Cotton futures need more carrying chargesWhat usually keeps futures markets from reflecting carrying charges are strong demand and/or tight supplies. In that situation, the spot months needs to be at a premium to other months. You can see this in the price of March soybean versus May and March cotton versus May. What has kept these spot months at a premium is not so much solid export demand, but the LDP program. The LDP has afforded producers the ability to be patient and to hold on tight to selling their production to merchants. Soybeans have yet to offer a price where producer will part with their soybeans, but in cotton, prices have done that in a big way. Merchants have purchased record amounts of cotton from producers in the last rally, and they have redeemed massive amounts of cotton from the loan. Because of this, they absolutely have to have carry in the market because they are holding big inventories. Monthly carry in cotton is about 100 points. Certified cotton stocks available for deliver are relatively low, but that will not last long as merchants will add to that. The recent cotton rally has caused funds to get long March. They cannot deliver cotton, so they have to liquidate (sell March) and buy May, and because of this THERE IS A HUGE SQUEEZE PLAY in the making. Buy May cotton sell March at 110 or better. The spread might not go to 300 points, but it will widen. First notice day is Feb 22nd. Widening of the spread could be greatly augmented not only when funds have to roll out of March, but maybe a lot if any are caught (squeezed) long March as first notice day nears. It is a low risk, low margin trade for about 100 to 150 point or $500 to $750 a contract profit over the next 3 weeks.
Alan Fieldwww.iamhedged.com Check out this website.
It is a must for crop marketing needs. 800-781-0747 or 901-252-7740
Follow Up to 30 Year Bonds
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
In following up our recommendation on January 20th, it appears that we may have reached an overbought area at 114-28. If you compare this with the low of this large congestion area at 109-11 made on December 3rd, this gives us a large trading range. We believe bonds will ultimately trade back to 50% of this range at 112-04. Todays activity seems to be a correction of yesterdays large down move. Bonds love 50% retracements, therefore;
SELL USH5 at 114-07 today with a stop at 114-18. Objective is 113-18 (overnight low).
You may reach us at 1-800-727-6363 and do not forget to check out our website at
http://www.bonddaytrading.com/.
Has the corn market found a bottom? I dont think so!
I'm looking to sell march corn around $1.99 with a possible target of $1.74Would use a stop at $2.06 or $2.10 depending on your risk tolerance, or for the safe play a march $2.00 put for 4 or 5 cents, only problem with the put is it may not have enough time.
With several closes under the pivotal $2.00 area, demand running behind (at the current pace could push ending stocks to over 2 billion bushels), the cheap dollar does not seem to be helping in the sales department and the dollar really starting to look like its putting in a low, possible increase in corn acres due to rust, all added up makes me believe that we have a very good probability of testing the august 2000 low of $1.74
But what about the record fund short position of over 100,000 contracts???? I hear about this everyday. Think about this...... funds are short over 100,000 contracts, farmers grew and are holding onto a big chunk of over 11 billion!!! You figure out how many contracts the farmer is long! Farmer is famous for selling out on the bottom and from what I see and hear the farmer has not been doing much selling because "price have to go up" :)
For more information on this or other trades please give me a call or send me an email.
Jason GodfreyIowa Futures Corp888-777-1442jason@iowafutures.comLocated between the piles of corn in Marshalltown, Iowa
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Short term trade updates
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
First I want to welcome North-And. Co of Galva Illinois to our family. North-And. Compny are Agricultural specialist brokers that I will list in the near term as a Recommended Broker.
If you took the short term recommendations from Sunday nights report you would have bot March Corn, bot March Beans, and sold April Hogs. You know the stops loss suggestions already. Let me again advise you that these are short term (quick)recommendations and profit taking is something you need to take upon yourself if you are not a customer.
Short-term recommendations for Tuesday:
Sell March Sugar 884 stop, consider a stop loss at 899.
To become a customer call me at 1-877-304-1369.
Lee Gaus
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Lee Gaus Short Term Trades
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Buy March Corn 1.98 1/2 stop, consider a stop loss on a close below 1.94 1/2
Buy March Beans 5.25 stop, consider a stop loss on a close below 5.12
Sell April Hogs 7655 stop, consider a stop loss on a close above 7860
Sell May Lumber 362 stop, consider a stop loss on a close above 371
Sell March Coffee 101.00 stop, consider a stop loss on a close above 105.70
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
IF YOU WOULD LIKE TO CONTRIBUTE ON A REGULAR SEMI-REGULAR BASIS LET ME KNOW AND I WILL LOOK INTO EXTENDING AN INVITATION TO YOU ALOWING YOU TO POSY DIRECTLY TO THE BLOG.
GOLD
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Gold has been putting in a bottom for the last three weeks while the dollar rally has been unable to sustain itself. Technical indicators are starting to turn bullish and fundamentally gold is in a bull market. Strategic Futures and Options is bullish on the yellow metal with U.S. deficit's and the weak dollar creating a very bullish scenario. With bull trend still intact our target for this year is the $500 level.
So: Buy April Gold at $422.50 or better place your stops at the $XXX.XX level.
For more information on this trade or other recommendations call 800-822-7734 or email
nrepke@strategicfo.comNick Repke
President
Strategic Futures and Options
PH: 800-822-7734
fax: 651-406-9331
e-mail:
nrepke@strategicfo.com
Distribution Top in 30 year Bonds??
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Price activity in the last several months in the 30 year bonds appears to be forming a distribution top (an area of wide swinging prices that eventually form a major top.) Prices are currently above the 114-00 area in March bonds.
Buy March bond 113 puts (currently trading under 40/64ths, $625) This option expires on Feb. 18th.
Hold this option for a price move back under 111-16 or exit the trade on Feb. 9th (9 days before expiration.)
You may reach us at 800-727-6363
The Lottery ticket
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
For all of you that emailed me for specifics on buying the put options in the Eurocurrency markets, you are like a short dog in tall grass!!! If you recall my comments from December 27th, I suggested that the Eurocurrency's were on an extreme and that you should consider buying a put option. The March Eurocurrency future was trading at 136.28 at the time. Today's March futures market is trading at 129.92. This is a 636 point decline! The value of one short futures contract would be worth almost $8000 dollars before commissions and fees are deducted. Obviously the risks involved in selling or shorting the futures market in a dynamic uptrend were far too great for us to consider selling a futures contract. That is why I suggested buying a put! For those of you that bothered to email, you know that I like spending approximately $750 per lottery ticket. I suggested you buy March Eurocurrency 130 puts for approximately 57 points, or $712.50 before commissions and fees. That 130 put is worth 174 points or $2,175 today. You would be enjoying a net gross profit of over $1400 per contract before commission and fees in less than 25 days! Not a bad risk reward. You can adjust your risk reward tolerance to fit your own trading style. The ultimate risk in this scenario would have been to sell a futures contract. It obviously would have been the most profitable. You could have also chosen to buy a put that was closer to the actual futures price, or closer to "at-the-money". This would have cost you more to initiate the position, but it also would have a greater current value than the "out-of-the-money" put we suggested you purchase. My point is that you can construct trades that fit your risk profile. I would be inclined to take the dough on the long put. You never go broke taking a profit. This is pretty immediate gratification. Don't look a gift horse in the mouth. I'll be back soon with some more option trading ideas.
Steve
Follow up from Tuesday
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
If you sold Bellies on my short term recommendations on Tuesday and are still in the market, you may want to take profits on Wednesday.
If you bot coffee on my short term recommendation frm Tuesday you may want to see if the market takes a run at the 108/108.50 level.
If you are interested in comprehensive research and marketing ideas log on to www.iamhedged.com
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
SELL CATTLE FOR A QUICK TRADE?
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Short term suggestions:
Sell Feb Cattle 9060 stop, consider a stop loss at 9284
Sell Feb Bellie 9530 stop, consider a stop loss at 9825
Buy March Coffee at 100.80 stop, consider a stop loss at 9500
RMEMBER QUICK TRADES ARE SHORT TERM IN DURATION. YOU MUST USE SOME INDEPENDENT JUDGMENT WHEN LOOKING AT POTENTIAL PROFIT TAKING.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Day Trading Bonds
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Hello,
My name is Tom Hall I am the CEO of Great Lakes Investments in Galion, Ohio. I want to thank Lee Gaus for including me on his list of recommended brokers. If I have an area of interest it is in day trading Bonds. I have gone so far as to even write a manual on the subject. Let me tell you a little but about my manuel.
LEARN HOW TO DAYTRADE THE FUTURES MARKET!
No one can guarantee profits, but anyone following the advice, rules and guidelines laid out in this extraordinary manual may become a confident, professional-level trader. Bond Trading Using Patterns and Setups and here is a manual for day-trading the futures markets!
There are two aspects of trading that ALL traders must address. The first is trading strategy: where and when a trader gets into and out of a market. The second is the money management strategy. As the account size increases and decreases, when should the trader increase/decrease the trade size? The combination of these two factors is paramount. www.bonddaytrading.com may help! With Bond Trading Using Patterns and Setups, you may learn how to be confident in these strategies. The manual will provide you with the tools you will need to day-trade bond futures using easy to identify and recurring patterns and setups.
You can never know too much. Here are just some of the topics this manual will discuss: Margins and Leverage Bond Pricing Order Entry Procedures Creating a Business Plan to Help You Reach Your Trading Goals Managing the Trade Bond Trading Using Patterns and Setups Summary of what you get: Go to the following link to learn more and sign up today!
www.bonddaytrading.comIf I can be of any help feel free to call me at 1-800-727-6363 and just ask for Buckeye Tom!
Gartman's Rules of Trading
Dennis E. Wang
International Futures Group
Branch Office Manager
2000 Schafer St, Suite E
Bismarck, ND 58501
1-800-546-4887 (1-800-Limit-Up)
www.intfuturesgroup.com
Hello Everyone,
Every year, Dennis Gartman of The Gartman Letter revises and publishes his 20 "Not-So-Simple" Rules of Trading. In my opinion, these are rules that we as traders should read EVERY day. Thought I'd share them:
Gartman's 20 "Not-So-Simple" Rules of Trading (11-26-2004)
1.) Never, ever, ever add to a losing position: To do so will eventually and absolutely lead to ruin. Remember Long Term Capital Management and its legion of Nobel laureats who broke this rule repeatedly and went into forced liquidation. Learn this lesson.....well and early!
2.) Trade like a mercenary soldier: We must fight on the winning side and be willing to change sides immediately when one has gained the upper hand.
3.) Capital comes in two varieties: Mental capital and that which is in your account. Of the two, mental capital is the more important. Having losing positions costs measurable sums of capital, but it costs immeasurable sums of mental capital.
4.) The objective is not to buy low and sell high, but to buy high and sell higher: We can never know what price is "low." Nor can we know what price is high. Always remember that Nortel fell from $85/share to $2 and seemed "cheap" all times along the way.
5.) In bull markets we can only be long or neutral: Furthur, in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6.) "Markets can remain illogical longer than you or I can remain solvent, is a brilliant statement from out good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are inefficient despite what the academics try to tell us.
7.) Sell that which shows the greatest weakness, and buy that which shows the greatest strength: Metaphorically, when bearish, throw rocks into the wettest paper sack, for they break most readily. In bull markets, ride the strongest winds.
8.) Try to trade the first day of any gap on the chart: We respect "gaps." When they happen, they are almost always materially important.
9.) Trading runs in cycles: some good; most bad: In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it and move on.
10.) Think like a fundamentalist; trade like a technician: It is imperative that we understand the fundamentals driving a trade, and that we understand the market's technicals also. When we do, then, and only then, should we trade.
11.) Respect "outside reversals" after extended bull or bear runs: Reversals signal the final exhaustion of the bulls or bears. Respect them.
12.) Simplify and simplify again: Complex systems breed confusion; simplicity breeds elegance.
13.) Respect "The Box:" Markets often retrace 50-62% of a previous move, with prices falling into "The Box." Know that and use it.
14.) Understanding psychology is usually more important than understanding economics: Markets are driven by human beings making human errors... and also making super-human insights.
15.) Be patient with winnings trades; be enormously impatient with losing trades: Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
16.) The market is the sum total of the wisdom....and the ignorance....of all of those who deal with it: We dare not argue with the market's wisdom.
17.) Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are normally to be bought; new lows are to be sold.
18.) The Hard Trade is the Right Trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.
19.) There is never one cockroach: This was last year's "new rule." Bad news begets bad news which begets even worse news.
20.) All rules are meant to be broken: The trick is knowing when you can....and how often.
And there were two winners of this year's contest for the best new rule: From the always insightful Brad Rotter who said, "Trends, like horses, are easier to ride in the direction they are already heading;" and from Paul Saks of Haywood Securities, "Buy in the quiet; sell in the riot." The latter is particularly apropos given the "riot-ousness" of the gold market at present.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Hi I am Nick Repke and I have an idea I want to share with you
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
My name is Nick Repke, I am a broker in Egan, Minnesota. I want to express my appreciation to Lee Gaus for developing a site where we can all get together and discuss ideas. If you are a commodity futures trader I want to invite you to visit my site at
www.strategicfo.com. My firm services the entire range of business, from discounted direct order entry to full service. Give me a call at 1-800-822-7734 to learn more about the
Strategic Futures & Options advantage. Here is an idea for your consideration:
Sell March Euro Currency 1.3215
Consider a stop loss on a close above 1.3260
Have a great day,
Nick Repke
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
My ideas for Tueday-Tony Woods
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Hello everyone,
I am Tony Woods, Senior Account Executive with International Futures Group. I want to thank Lee Gaus for opening his Weblog to me. If you are a commodity trader I invite youto visit the IFG website at ifgfutures.com. Whether you are a foreign trader or domestic traderI would like to speak with you about your trading business and am confident you will be pleased with the IFG service. My toll free number is 1-800-786-4475, my regular number is 312-692-4617, and my e-mail adress is
tony@ifgfutures.com.
My short-term ideas:
Buy Feb Copper 1.3785 stop, consider a stop loss at 1.3235 stop
Buy May Corn 2.15 1/4 stop, consider a stop loss at 2.08 stop
Buy March Wheat 3.09 1/4 stop, consider a stop loss at 2.92 stop.
To discuss these and other ideas feel free to call or e-mail me at anytime.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
to answer your question
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
I have been asked to follow up on my wheat comment/ideas of 29 December. I still like the idea of being bear spread, long July short March at least into the winter wheat seedings report on the 12th. Trade guesses suggest SRW acres could be off 650,000 from the previous year. As far as being long the July flat price; we dodged a bullet on Tuesday when the flat price traded through our stop but failed to close through it. That's why I prefer closing stops. If we get a friendly acreage report I would be willing to accept profits against the $3.50 level, otherwise I would use closing stops below $3.10.
For Good Or Bad You Might Be Short Lumber and the Aussie
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
If you took my recommendations from yesterday, you would have sold May Lumber at 354.00. If you did sell May Lumber I suggest you use consider the stop provided in Yesterday's comment. As for a possible profit level think about 345. Remember these are short term recommendations and you will want to use some judgment of your own.
If you sold the Aussie Dollar from yesterday's recommendation you would have been filled around 7570. I suggest you continue to use the stop loss from yesterday. As for a goal a conservative trader may want to look at 7475, a more aggressive trader might want to see if we have a confirmation of an "m" formation. We need a close below 7395 to have that confirmation.
Short-term recommendation for Friday:
Sell March Sugar at 886 stop, consider a stop loss at 925
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
What to do With Long Crude, and other Short Term Recommendations
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
If you took my Crude recommendation from yesterday you would now be long March Crude around 4325, with a stop loss suggestion of 4125 stop. If you are conservative you may want to look at a potential profit area around 4530. For the more aggressive you may want to wait and see if the Crude completes a "w" formation. It will take a close above 4678 to signal a continued building of the "w".
For Thursday:
Buy Feb Cattle 9062 stop, consider a stop loss around 8760 stop.
Sell May Lumber 354 stop, consider a stop loss around 364 stop
Sell March Aussie 7570 stop, consider a stop loss around 7804 stop.
Feel free to comment or ask quaetions.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Latest short term recommendations.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Hello Everyone,
Shrt term trades for Wednesday:
Buy March Crude at 4325 stop, consider a stop loss at 4125 stop
Sell March Cotton at 4290 stop, consider a stop loss at 4500 stop.
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
UPDATE FOR TUESDAY
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Hi Folks,
Of yesterday's short term recommendations you would have been filled selling March Soybeans around 5.36. If you were filled, consider using the stop issued on Sunday night. As for a target remember, these are short term recommendations and you will want to use some judgment on your own. As far as a possible target you may want to watch the possible 5.18 level.
Also you would have sold Feb Gold at around 434, consider a target around 426. As for a target remember, these are short term recommendations and you will want to use some judgment on your own.
Short term recommendations for Tuesday:
Sell Feb Cattle at 8800 stop, consider a stop loss at 9200.
If you are interested in receiving my booklets "Doing It My Way", or "Lessons Learned".
Do not hesitate to post your comments or questions.
Lee Gaus
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
Three short term trades you might want to consider
THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS
Sell March Soybeans at 5.36 stop, consider a stop loss at 5.55
Buy Feb Pork bellies at 9580 stop, consider a stop loss at 9335
Sell Feb Gold at 434 stop, consider a stop loss at 447
THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS
For all of my comments (free) fill out form provided
