June lean hogs wave 4 happening?

June lean hogs are seeing a nice rally close to the highs we saw this month. It appears still to be in a complex wave 4 flat correction if we hold the highs. This is still my main count as of this post. 

$cat in a w2?

$cat looks its  putting in a zig zag for a wave 2 and a break under the 67.24 could move this stock back to 40-50 price range…target for the wave 2 to end would be 102 20-102.50. 

April/June gold is a extended wave 5 rdy to start?

April gold on the daily chart looks to be putting in a deep zig zag for a wave 4… if it is a w4 by no means should we move below 1280.10. As wave 3 did not travel it's full distance then a 5th wave extention should be expected. Very good chance I take a shot on the long side here as reward out weighs the risk here in my opinion.  

Positions. Long June contract 1293.50 

Facebook wave 3 down target approaching

Facebook has played out nicely and the wave 3 target is approaching at 60.00. I will be taking profits on half the position. And the other half will let go as I still believe we head lower…

Intraday wave 2 playing out in nat gas?

Looks like a possible 5 waves up on May nat gas and looks like we may be in a corrective wave 2 intraday… a push back to the highs breaking 442 and 443 today sets up a wave 3 higher to around the 4.60 price range if a full wave 3.

Holding long positions and will be adding on June and aug on a break over these levels mentioned above.  

Quick look at May feeders

Looking at May feeders it appears prices are moving in on my target of 18105 to 18115 for an extended wave 3. 

Normally I do not like selling wave 3,s but the risk reward on this trade will be low so I may step in front of this grinding 3 . Still watching for now.

April fats… wave 4 targets

April fats after chopping around some look to finally be heading lower in the wave 4… targets are 140.71 to 138.83 as I am expecting it to be a deep correction. 

Lean hog… we're in the money

Lean hogs appear to be putting in the wave 4 correction and it should be deep and a complex pattern. Targets are 11975 down to 11552. 

Positions :still holding shorts from low 132's

Natural gas n the golden number…

Natural gas almost hit the exact .618 number today at 4.248 on the May contract and held.. It also closed in what looks like a bullish candle so the wave 4 may have completed today and the wave 5 higher should begin soon. I'm also looking for this 5th wave to extend… 

This is my main count as of now. Once levels are broken on the upside I'll be able to draw targets for the 5th wave impulse.

Interest rates… where do we go from here?

On 3/13/14 I posted a shot at a bottom call for short term interest rates … I am revising my count a bit further out as it looks as if we have completed the "A" wave on dec 2016 euro dollars and currently working on the B wave. All we are gonna need now is the c leg that could possibly take the form of a contracting ending diagonal to finally bottom out interest rates in the May June time frame. 

The lowest target for the b wave would be the 9742-45 area but it's very possible that we have seen the low as of this morning on the contract at 9760 1/2.

I'm still watching this contract as I believe  this will be a great position for a long term ride to higher rates. 

No positions as of yet… patience is the key here.  

Targets if this is the correct count would be a test and possible breach of the old highs at 9870- 9880

Coffee… correcting in a w2

Coffee retracing perfectly… (see 3/15 post) 

 Coffee is getting very close to my first target around 162.50-163.00 and I will be taking profits on my short position. The correction appears to be setting up for a bottom and I will be looking to move back to the long side.  Watching for now.