The View from 5,000 Feet

2011-08-25T22:46:18-04:00August 25, 2011|

As a market technician, sometimes I gotta just turn the TV off and look at the charts.  I know something is going to happen around 10 am tomorrow, so I might be watching the price action around that time if I’m available.  But I won’t be looking for immediate price [...]

CCI (commodities due for a correction?)

2011-05-03T18:42:01-04:00May 3, 2011|

Commodities have been on an absolute tear since Dec 2008 with a return of around 89% on the CCI over that span.  However, this market may finally see a correction.  The market just recently tested the March 7th high and has sold off since.  It took 7 days from the [...]


2011-04-28T19:19:57-04:00April 28, 2011|

July Cotton reached its H&S Top objective today ~ 149.03.  It reached this area pretty quickly: over 39 points in just 12 trading days.  The reward to risk ratio was a solid one: 2.63 to 1.00.  It takes deep pockets to trade this market, but if you have the capital it [...]


2011-04-13T18:03:14-04:00April 13, 2011|

Cotton has moved into July from March.  So I will now focus on the July chart.  Yesterday we got confirmation of a h&s top with a close below the upward sloping neckline.  This patterns target is around 149.05 with an initial stop at 203.30.

Trading the Euro

2011-04-05T09:39:20-04:00April 5, 2011|

There is a possible buy zone shaping up in the Euro.  If we can get down to the 1.4075-1.4095 area sometime today I would look to get long with a stop below the most recent pivot low of 1.4041.  This area could produce a real nice bounce.  […]


2011-04-03T12:27:34-04:00April 3, 2011|

Cotton has been on an impressive up move since mid 2010 appreciating over 150%.  However, we are starting to see some signs of a possible H&DS top forming.  The chart shows the Left Shoulder, Head, and Right Shoulder have all formed.  We are now just waiting for confirmation, which would [...]

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