Friday, September 7, 2007

Ultra Short Term Work Calls For More Decline 09/07/07

The 50% retrace of the ultra short term trend today continues to call for lower prices probably right from the get go Monday Morning.

Remember, use this weakness to cover the rest of your hedge and purchase good quality stocks and options as the next move to the upside should be a great one!

Thursday, September 6, 2007


See commodity outlook sidebar for latest commodity trades and updates.

Equity Market Comment 09/06/2007

The S&P 500 rallied to the 1480 level and retreated, so it appears that the ultra short term counter rally is complete.

From here the market should complete the retest with downside targets of:
The most logical being 1432 and 1412.
Look back to Tuesdays post for the potential bottoming dates.

Wednesday, September 5, 2007

New Commodity Transactions & Aggressive Equity Trades 09/05/2007

Check the sidebar for the selling of the long in cotton and a reverse short.

Check the new equity recommendation.

USEC Corp. - BUY Initial Position

USU is starting to look like it has put in its low.

Begin to purchase the stock or stock options now, with a 1/3 allocation to your full line.

Equity Market Comment - 09/05/2007

The first leg down of the decline to test the lows looks to have been put into place.

From here I would expect a rally to the 1480 area on the S&P 500. It may not happen right away, but if the market does rally to this level and then rolls over it will be an indication that the final leg of the re-test is getting under way.

I realize that there are quite a few resistance levels on the chart below, but don't let that confuse you. The main area that deserves attention is the 1480 area.

Tuesday, September 4, 2007

Move The Buy Stop to 3.72 1/2 On Corn


Don't Get Pulled Into This Near Term Strength!


Mon. 9/10/07 10:30 am
Tues 9/11/07 12:00 pm
Weds. 9/12/07 1:00 pm

While I would certainly like to see the times on these days prove to be correct, the nuts and bolts of the work is based on the dates. The actual times are just gravy, so please do not get the impression that I am trying to pinpoint this to the exact second.

Short Term Condition of Equities

Monday, September 3, 2007

Equity Comment 09/03/2007

There is alot of information on tonights chart of the DOW, so make sure your print it out for reference.

In a nutshell:
1. Look for the market to correct here and begin to cover your remaining hedged positions.
I do not think the correction will be very deep, but anything is possible. Aggressive traders can look to go short in here. We went short on Friday.

2. The market made an impulse move off the lows, so this decline should be nothing more than a corrective wave and the major intermediate term low should be in place.

3. If the most recent lows are taken out, I will get downright bearish and continue to apply my hedge. However, the data that we are getting from the commercial traders does not point to a time for any type of bear market, not to mention that the camp of here goes 1987 all over again is growing in size. It may have some similarities time and price wise, but the mother of all indicators....THE COMMERCIAL TRADERS NET INDEX is nowhere close to where it was in 1987. In 1987, the big boys were selling strongly in both July and August! Just the opposite holds true today. They have been very strong buyers and they make the big money so it would be silly to bet against their positions.

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