Christmas corn update… take 3… to the charts

1st scenario and the best in my opinion would be a push higher to the 534-535 area to finish the 5th wave higher of the first wave. And a completed cup formation.

2nd scenario is we fail on the attempted breakout of the b wave at 505 3/4 and retrace to the 483 level as target 1 then move higher to 533-35 to complete the cup and 5 waves up.  The chart below can give you an idea of what I'm projecting.

Wave 4 flat developing in the Dow ?

                    Wave 4 ? 

This is starting to look like a w4 flat in the making on the Dow in an expanded triangle with with A B C complete, with the d wave up in progress. Now we need to see if this D wave will fall short of the upper trend line and start down. I'm betting it just might. 

Positions: Short position taken @ 16462. 

We will see what happens. 

August feeders… wave 3 coming to a close?

August feeders are counting as prices may be close to putting in a top around the 184.25 level to finish this wave 3. A deep correction to at the least 72 price area should occur if this count is correct. As you know I normally don't like to get in the way of wave 3's as they can extend but I may take a small position in this market @ around 84.00. As I believe this is the end of a w3 extention here. Watching for now. 

Dec corn update… so close

Almost hit my price at 484-485… there is still hope so I'm waiting to enter this market closer to my price target as we could be starting the c leg down of the zig zag wave 2… if 506 3/4 gets taken out I might begin to add to my long position . 

OJ futures magazine post jan 28th 2014…

http://www.futuresmag.com/2014/01/28/enjoy-your-orange-juice-today-tomorrow-it-might-be

Yum brands top in sight????

Yum brands looks very close to finishing the upside run in a w3 , or more likely a wave c. Either way a correction is coming and possibly after yum brands reports a good number and the stock spikes. Trgt on the upside is 79.45 if we get a full wave 3.  I will be placing orders to sell on a push to these levels. 

Not to mention this stock most likely will not react good to these higher commodity prices that are definitely coming…

10 yr note…rdy to see the last push lower in rates?

Daily chart looks like the 10 yr June contract may look for a bottom around the 12306 price range as I'm still expecting a rally ( or rates to fall back) to a price range of 12703-12814 and finally bottom by the end of May start of June time frame. Looks very much like 1234 and the 5th wave down in the making. It is very possible that we hold here and reverse today.

Watching for a setup   

May lumber update…

May lumber looks like it may be finishing the 5th wave down in a contracting ending diagonal setup to end around the 312.00 area. Would like to see this e wave lower start soon. May add if we push down to these levels and this is the correct count… I should find out in the next couple days if I my count is right…

Dec 2016 euro dollars update…

Dec 2016 euro dollars could be ready to start the c leg or wave 3 higher of the final push up in the wave 5 of 5 of 5 to finally bottom interest rates. I will be watching this market closely as I believe that I will have a great opportunity to ride an interest rate rise. We will see… the count remains the same as my last update on march 24 2016

Dec corn update… this could get very exciting!

Dec corn looks to have started the next leg down. Targets for the downside are 484-485 price range. This is where I expect to see a reversal and a move back toward and breakout of the last high at 5.17 into a w3. As I expect much higher prices over the next couple years.