Good Day
ARP here,
These represent some of my daily macro thoughts.
Argentina has imposed a 10% tax on feed grains. It is my opinion this is a bullish market input!
Perhaps we sell beans against the long wheat position. QUANTIFY YOUR RISK.
FEEDGRAINS
If you are nervous long KC WHEAT, trade with stops. Use a trailing stop to protect gains in fast moving large macro moves.
Todays early trade in wheat feels to me like stops are being triggered. This is where the olive line can assist in a trading program.
I suggest placing orders below the close on Friday to attempt to buy length when sell stops can be triggered.
I like long corn. This may be a macro move. I am looking also for 355 December olive line buy,if we get another dip.
STOCKS
The Dow traded higher. I like short stocks and have been commenting on this. ( dow,nasd, S&P)
Place offers to sell above the market. Place stops if filled. Look for quick selloffs to potentially buy back shorts..
Let the olive line help you with the levels to buy back.
ENERGY
I am watching the crude. Will stops above the market be hit and push into olive line sells.
We are watching. contact for specific sell levels
The global scenario will remain chaotic in my opinion.
US stocks could feel pressure because of this I believe.
Keep exposure down. It is my belief the markets could witness many vertical spike moves.
Contact me for a conversation.
ARP