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. 

Natural gas wave 3 breakout possibility

Natural gas ilooks to be setting up a w3 higher after breaking the .618 and and the B wave …now to break .786 and 1.00 would set up a wave 3 to a target of 590 n change. 

a break of 4754 on June contract sets up the wave 3…

Risk - Reward

Here's my low risk trade today… 

Sugar after a good day on wed is giving it back today but seems to be holding the 1724 area by a point… on the July contract. I'm currently buying this mrkt as I believe the risk is low as my target is above 20.10. 

My Trade today : Buying July sugar at 1732 33 with a stop below 1680. A risk of 1 to make 5.  

We will see how we play out…. 

1-2 1-2 in place? For spx and Dow

All the indices are setting up the same way… just looking at the Dow jones June futures for now though. What may be developing is a 1-2 1-2. The only thing that would invalidate this count would be a push above 16384. ( main count)

The second count is this very well could be the up leg of a wave 4 flat and we have ABC down followed by an ABC up to end around the 16427 area then a 5 wave move down. (For now this is looking like a  1-2 1-2 is in play…). 

Small position short at 16325

Cup of corn

Dec Corn is still looking like a cup and  is getting ready to finish up. a push to 537 dec contract would be the ideal set up before we get the wave 2 handle that would target 471-480 on dec corn.

  It's very possible that we have finished the cup and the handle wave 2 will be next to come.  Anyway I am still looking for much higher prices within the next 1-2yrs. 

Update hard red spring wheat after bottom call on 1/29

Above is my current short term count for red spring wheat. Currently we look to have possibly completed the wave 4 and a push higher in a wave 5. Targets are around the 821 area. This will conclude the wave 1 of wave 3 ,then we need a wave 2 correction to follow in the form of a flat. Let's see if this plays out like I think it will… 

Sugar… more down or are we finished a wave 4?

Sugar looks to finally finishing this triangle wave 4 of the 1st wave higher. A drop to 17.25 is not out of the question but after I am expecting a new high over 19.26 to a possible target of 19.81 after a breakout of the triangle in a 5th wave. 

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. 

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…

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. 

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.