EQUITIES – STOCKS It is my belief we may be in “The beggar thy neighbor economic cycle.” I can’t remember seeing action in the US like this. Perhaps in Europe and China. US stocks, I put out a OLS in the nasdaq100 at 7685. Nasdaq now has OLB below the market – give a call for levels.
Nasdaq – I have a saying or thought, “what we are witnessing here possibly is who is swimming naked (leveraged) long the stocks. It is my opinion when stocks get to a high PE ratio momentum players continue to buy. This could create a bubble scenario. I have been citing things that make sense or stick out to me in stocks as an ex floor trader. There will be many Olive Line opportunities as the volatility picks up. Feel free to call for a dialogue regarding specific plans that may assist you.
GRAINS – KC wheat I am watching now the 493 level. This break may present a nice opportunity to build into a long position. It feels to me in wheat that perhaps someone big is long. The margin clerk can help force liquidation. This can create a longer term opportunity. There are no guarantees. Use a stop.
CORN – This is on my OLB list as we break. The potential yield trim that may come in the Nov USDA report does not affect today. It is my opinion to have a good list of things to buy when they throw out the kitchen sink. These are old adages that can be thought of.
SOFTS – Coffee over 124.20-126 represent OLS,
Sugar is a live OLS
Cocoa playing the wide macro tl’s here at extremes.
OJ Olive LB hit 136 market trades up to 141 , The orders and stops should be placed early as the trades can come fast.
THOUGHTS
It is Important to trade with a properly funded account. rainy day opportunities do come along.
Certain math based levels can be out of step in my opinion. This can also create a panic exit. My Olive Line is my own algo level.
Many people have good ideas, a plan is always needed and money management, I attempt to offer this.
The losses need to be a small %, every trader has them.
Perhaps this is some first time ever bullish thoughts.
Farmers to hedge your risk give me a call and lets talk.
arp@walshtrading.com
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