Friday, May 16, 2014

OJ targets hit…

OJ targets were hit this morning and I'm currently buying premium at 155.00 per sept contract. We will see where we go, I'm thinking up

A few markets that could be setting up

So in the past few weeks we have several markets that could be in the last stages of their decline. OJ nat gas and corn. 
First off dec corn is creeping up on my 1st target zone for wave 2 that comes in @ 466-472. 

OJ is also creeping up on a downside trgt of 154-155 per sept contract. Intraday what I'd like to see is w4 up and then w5 down to set up the buy at 154-155. 

And finally nat gas has completed 1-2-3-4 waves down and working on the 5th wave lower. 5 th waves are tough so I will be watching the intraday for 5 waves down to finish the last leg of the flat or we may end this final 5th wave in an ABC. A push back towards yesterday's low could very well get me to add to positions

Didn't have time to run charts , but I will be updating these markets frequently. 

Thursday, May 15, 2014

Wave 3 grinder in OJ ????




Orange juice looks like a nice grinding wave 3 and 1st targets come in around the 183-184. If this is in fact the case this will drive the bears crazy… 

Holding long positions

Dec corn wave 2 forming?

After playing around near the highs Dec corn looks like we are starting the C leg down of the w2. 1st Target comes in at 466 1/4. I will be waiting for this market to set up for the start of the w3 higher as I believe it's gonna be a good one. 

(If wave C is equal to wave A then my target moves up a tad to 472.00. )

Wednesday, May 14, 2014

Facebook c wave starting soon?

Facebook looks to have completed the A and B waves and now a break below 54.66 should be followed by a drop to the 44-47.50 price range in a C wave to complete the 4th wave. I will be looking to take profits at this level on remaining $FB shorts. 



Sugar Rush… is the 5th wave underway?





The triangle looks to have finished with the false breakdown in an e wave then reversal. 1st target comes in @19.51 and that would break the prior wave 4 opening the door to 23-24. 

Monday, May 12, 2014

Nat gas…Wave 4 flat correction ?

Nat gas looks to be in a w4 flat…I'm looking for a possible target to come in around 325-330 if this count is correct I will be looking for a 5th wave extention higher to possibly start soon.