Thursday, April 10, 2014

The topping of $cat???



$CAT looks to be putting in a finishiing C wave of a zig zag. I was looking at this market in my first post on this stock as I believe we will see a nice correction in a c wave or a w3 that could push us down to the 60-65 price range.1st target @102.50 was hit and 2nd Target on the upside  comes in at 105.65 .Currently trading @ 103 n change. 

FB update ABC correction in the works?



Facebook short term count is that we have finished the the A wave down and currently in the process of the B wave higher in the form of a ABC zig zag. This could target the 63-65 level. 
 After this is completed we should see a psh down to the 51.40 area and possibly lower to the second target of 44.88. That being said I'm not a buyer at these levels. 


Wednesday, April 9, 2014

2nd target for w4 June pork (deep zig zag)

Lean hogs are closing in on the next target at 115.30-115.80.…for the wave 4. I'm expecting a bounce and even a possible reverse from this level. Watching for now and if the lower targets are hit I will consider buying this market…


Tuesday, April 8, 2014

Sugar set to move higher????







Sugar may have put a bottom in today… the lowest target intra day is the 1726-28 area. It's starting to look like a wave 4 triangle. With the wave 5 to come.

Current count as of now is we are in a complex w4…

Best case scenario is we have seen wave 1 and wave 2 is finishing up with a w3 targeting 2242 if we get a full wave 3. 


Monday, April 7, 2014

Corn almost finished with w1 ?

Dec corn is setting up beautifully. 
Almost hitting my target of 509 1/2  from the wave 4 triangle breakout. 
 I'm currently long and will be looking for a spot to add to my position on the pullback that could start soon.

 Best case scenario and one I would like to see is that we have a run up to around 533 n change on an extended 5th wave and then the pullback into a w2 zig zag that should target the 470-480 price range. Once we start the correction I can be more precise in drawing my targets. 


Lean hogs … closing in on w4 trgts

June lean hogs are closing in on my 1st target at 11975.

Resting orders to close position at 11975.  

Coffee… are we seeing the w2 starting to form




Coffee looks ready to start the c leg lower after the spike this morning to the 196 area.  Target for the c leg down is the 13518 to the 150 level to finish the wave 2 . First I'm gonna need a break of 166 on the downside to confirm the wave c down  is underway.

Watching for now

Crude setup… will we reverse back higher ?





Crude oil has set up this morning for a long trade on one of my fave setups intra-day… let's see if we start moving higher after this mornings sell off.


Long position June  from 99.66.