The Trend Trader helps to identify the current trend status of your favorite markets. Each contract in the table is represented by a directional tendency for both the Minor and Major trends. Two up arrows identify a Bullish Trend - two down arrows a Bearish Trend - one of each a Neutral Trend. The Trend Trader not only helps us to stay on the right side of market direction, but it also helps us avoid those markets without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness. Before you place your next trade, be sure to consult the Trend Trader.
SEPT COPPER: Last time I mentioned that the daily chart looked as though it was setting up for a sell-off. So far that has not happened. What has happened is nothing.
SEPT CORN: I had mentioned earlier how corn behaved this June just like it did last year in June. It had a huge sell-off. It took out the low of June but not by a lot - approx. 15 cents.
We have noted in previous posts that the rally in equity markets provided the perfect opportunity for companies lacking capital to strengthen their balance sheets by offering shares to the market. Investors seemed to have a bottomless appetite for the additional shares, as the announced secondary offerings...
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