Friday, July 18, 2014

will we get to 1145 in beans ????

 daily November Beans :

I am watching for a push higher in a c leg of an simple zig zag wave 4 that should target as high as 1145 if we get a full wave 4. then all we need is a 5th wave down to complete the formation.

for a more in depth commentary email commoditykid@gmail.com

good trading
CK.

Dec wheat intraday


Here is an intraday chart of dec wheat and it looks as if we are putting in a w2 that could be close to finishing up this morning. We are approaching some support at 566 .  If this is a w2 I'll be watching for a break out over 585 in a wave 3 to trgt of 613-616 if we get a full wave 3. We will see… I will update again today....

Thursday, July 17, 2014

Wave 3 lower setup for the $DJI…


Intraday picture of the $DJIA… there is still plenty of time to start this wave 3 lower but a break of the low today sets this trade lower and if it is a w3 then we should target 16873 if a full wave 3. 

$DJI… topside target n why I'm a skeptic here

Topside targets come in on the Dow at 17161 however I'm adding to short positions at these levels as the risk is too great to be long from here in my opinion… as this could get ugly quick…
 
I will see how we close this week to see if I want to remain short…. Current short position sold premium sept futures 17060. 

Dec corn n nov beans… higher again?

Higher once again…

Dec corn after hitting the intra day target yesterday has pulled back and any push back to the low of 378 1/4  I will be purchasing once again… holding long

Nov beans- intraday targets come in at 1120 and 1132 . Holding long



Sugar testing the .618… to hold or not to hold?


Oct Sugar is testing the .618 support for a possible wave 2 at 16.93 this morning. We would  like for this number to hold today… holding on to long positions and the only way I would be adding to it is on a break of 18.50 and then on a break of 18.83 for a wave 3 breakout. Wave 2's the majority of the time move to the .618 level in a zig zag and that is what we are looking at as of now…. 

Wednesday, July 16, 2014

dec corn quick targets this morning

Dec corn 1st target comes in at 391-392 today when and if  targets are hit today I will be watching for a small pullback and then a push higher towards the 4.00 area. want more info on how you can trade with me and learn my methods.... commoditykid@gmail.com lets get started


into a wave 3 intraday on dec wheat?

December wheat looks like we may be starting to head higher and short term my target is 579 1/2  in a full wave 3 intra day.... this is playing out nicely as if I am correct this should be the beginning of a BIG move higher in the next couple years... want more info on how you can learn what I do...email me.... commoditykid@gmail.com

Tuesday, July 15, 2014

Corn update and potential bottom in place

On 7/10 I posted a 60 min chart showing the downside targets. (3.80-3.95 )They have been hit and I will be looking for the reversal and the bottom to be in place… 

Market that's setting up… I don't get paid unless you profit

Interest rates (euro dollars )are  in the final stages of the push higher in price and lower in rates. If your interested in trading these and seeing what I'm projecting email at (commoditykid@gmail.com) when you trade with me, I personally take no commission unless you win,  how do you get any better than that. 

Monday, July 14, 2014

Dow jones… bull trap on the new high today?


Here we sit at all time highs on the indices but today's push to new high has a very good chance of ending badly. All criteria have been met to satisfy the ending of this bull run in stocks. (This may be more than a pullback ).