Coffee ready to retrace?

After a nice move. Coffee may have completed it's run up and ready for a correction after 5 waves higher. 

Position : short premium @ 2.00

Target: 140-150 in a wave 2 position. 

Sugar … have we finished w2 or w4??

My first thought is that we had a completed w1 and possibly still could have. The second scenario is still bullish but in a w4 that possibly completed today after hitting the .382 retrace this morning. 

Either way I believe we are setting up for the next run higher

Second scenario

Sugar has staged a nice rally to the w 3 target of 1848 and now we have been putting in a wave 4 that hit the trgt this morning of 17.57. Now if we get a full wave 5 we should reach somewhere in the vicinity of 19.17 . 

Interest rate bottom call…? I'll take a shot

Where do I think interest rates are going?… I'm gonna take a crack at a interest rate bottom call… for dec 2014 Eurodollar. I'm projecting a top between 98.40 to 98.60 around the 24 of this month. 

Amazon close to a top???? let's take a look

Amazon is most definitely in the final wave 5 higher but where will the 5th wave end and reverse. What I will be looking for is a complete 5 wave pattern higher. My first target is the 410-420 area assuming that this wave 5 does not truncate. A break below 337 will give us clues that this run higher is complete and a correction is coming

Nasdaq…1-2, 1-2 in place?

Nasdaq appears to be putting in a 1-2 1-2. Resistance at 3726 needs to hold if this count is to stand…. I will be selling a break under 13680 if we hold. 

Canadian dollar in w3 of the (c) leg?

Been a while since I last posted on the Canadian dollar so here goes.  

(Click chart to enlarge)

On the daily chart it looks like we are still in a third wave lower to possibly the 8657 level where I'm looking for a bounce in a wave 4. 

Now let's look at the monthly chart…this picture below shows a triangle being formed and and the 3rd leg of this triangle is close to being complete. 

I'm concluding we may see 8650 or so very soon and most likely to 8460-70 before we turn higher back to a target of 99.00 or so.  

Dag "double agriculture long" has wave 2 completed?

Dag (etf) looks like we have finished or very close to finishing the wave 2 and a w3 higher set to take over. For this count to be correct we must not break below the low made back in 2010. 

A break above 15 is the first clue that the w3 has taken over…

Nasdaq wave 2 intra day?

The Nasdaq futures hit an exact .618 in a possible wave 2 intra day in zig zag. A close near the bottom sets up a w3 lower to the 3620-30 level. 

Pork… do we get w3 extension ? Looks like it

June pork looks as if we are gonna get an extension in w3 of wave 3 that could reach as high as 132.20.  My short I had at 118 n change has been covered and will be waiting and watching this mrkt for the level mentioned above. 

Low Risk , high reward opportunity that's setting up.

The opportunity of a lifetime may be just around the corner… a low risk, high reward probability that may be in the final stages of its long term price movement higher. I watching for a new down trend in prices to take over most likely in the next couple months that should last for the next few years. Interested in learning what I am talking about? ( Email for my prediction)

Pork update… major w3 resistance!

Obviously Pork is still in a w3 of wave 3 higher and has surpassed my resistance lines for a normal third wave of w3.( remember : third waves are made up of 5 waves) The next resistance comes in at 122.40 on the June contract on the major wave 3 target. 

Wave 1 higher complete in sugar today?

Wave 1 in sugar looks to be near completion as my target for October was 1 tick from being hit at 18.78. I will be looking for a wave 2 in the form of a zig zag that would target 17.51-17.28  if we get a full corrective wave 2. 

Very good chance Lean hogs (June) topped today

June lean hogs have topped out today I believe… the wave 4 of three should extend down to the 107-110 level in a quick and deep zig zag. 

Short premium this morning at 11850

Facebook… sale of a lifetime? I think so

Facebook has moved to the 71.20 area for the second time which is the 2.618 of wave 1. This wave 3 extention is rare as w3's usuall go 1.618 of wave 1. 

I'm a seller here!  

April fats… are we in an extended wave 3???

April cattle hit my target of 14615-14630 yesterday and it appears that we are still in the wave 3 higher. I'm still holding short from 144 but the potential for this wave 3 to extend to 149.95 is definitely still there.  I would like to see a break under143.75 to confirm that wave 4 is underway to targets of 140.40 to 138.50. 

June hogs… shorts getting squeezed…wave 3 of 3?

Here's an altered count for June hogs… appears we are in a third wave of the wave 3 . If wave 3 is 1.618 of wave 1 then the wave 3 of 3  target comes in at 117.98. 

Still watching this market as I'm dying to get short but shorting wave 3's are suicidal. 

Oct sugar…closing in on w3 target

Oct Sugar is closing in on the wave 3 target of 1778 to possibly finish the wave 3 of wave 1. Since the wave 2 was shallowim expecting wave 4 of wave 1 to retrace  a full .382 of wave 3. In a complex pattern. (Possibly a triangle)

We have to complete the wave 3 first. As I am looking for a super spike in sugar I will be buying any pullbacks into the high 17's and lower.  

Coffee… 5 waves up completed?

May coffee looks to have completed 3 waves higher on the daily chart and a correction into a deep wave 4 should be coming soon  Trgts are 153.68- 145.26. We should not over lap 144.15 if we are in the 4th wave. This my preferred count as of this writing. 

April live cattle… I'm not panicking

April cattle pushed thru the second target for this 5th wave of the wave 3.  The next resistance level comes in at 146.15-146.30. After this wave three is complete I'm expecting a deep wave 4 to somewhere around the 139 price range. 

Current positions: short April from 144. ( holding) 

Natural gas trade …

Looks like nat gas is putting in the wave 2 of the third wave and we are hovering right at the .618 retracement of the last run up. 

- Bought premium 447 via the May contract.