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Posts Tagged ‘commodity trading’

Current thoughts;
T Bonds are overbought, there is a Proshares ultrashort fund ETF.  They may stay overbought for sometime but have only been so overbought to same degree as they are now, 5 times in last 30 years.  Mean reversion trade.
There is a leveraged oil ETF, SOIL which has lost 95% of its value this year [...]

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Big sell off across the board today – silver under $17, softs down and cotton at 67, coffee 136, gold under $900.  The Gold Bugs index is under 380 – and Silver Wheaton a great silver stock at $11.50-$11.70.
Just about all down – except lumber, live cattle and lean hogs – which perhaps shows strength [...]

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My trading approach – initial position, watch like a hawk, small gain, ease slightly, bigger gain, relax somewhat, look for trendlines. Small loss, finger on trigger, increasing loss, close out position.

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Nikkei has rallied up and touched the daily top Bollinger band at 14,550, price got to 14,553 before reversing lower, its been 3 months since touching the lower Bollinger band – and there is a volatility ’squeeze’ on the daily chart.  A fast move approaching soon?
Here is a great resource of market commentary for you [...]

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Friday saw some changes to my trades, I have been recently stepping back from daily trading and just managing, or handling my positions as this suits the approach I am confortable with. The numbers are fairly modest but at the moment it is time for gradual progress and building a trading stake – there [...]

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