Morning all
Well we got 2/3 of our wish list which is great ...
I am thinking to lower the bond price from 150 to 149 today as I do want a position in bonds before Wednesday.
In the oil we picked up longs at 78.80 and holding while in the wheat $664 was ideal price.
Now lets look forward.
The grains could hold this huge move or not hard to say as its obvious that the stops on the wheat are sitting at 702-705. currently (795)
With only $7 away from that it wont surprise me if we do go limit on wheat .
Maybe good idea to place stops..688
With oil Yes folks Syria did shoot down the Turkish War Plane.
Question is did the pilot go out on his own or was he instructed to .
I am holding my oil trade until Wednesday close as I do believe there might be more to come on the issue.
As for the market my belief is that a bottom is on the cards today at some point and a turn up..
Note to all ..
There is a distaution going on this week where many Fund Managers need to put cash to work even if its for a week it has to be allocated.
Outside every managers door is does say Fund Manager not cash holder, and so whether they like it or not money needs to be put to work this week. for the quarterly/yearly Audits which will proceed at the end of the week.
Its against there charter for most of these guys to be in cash, so we could see some wild swings or just the market wont go down as many anticipate.
Note by Friday 4pm those who have cash and need to be in stocks will be.
But after that nothing is to say that they cant go back to cash come the next trading day.
So gifts are on the way for the shrewed private traders.
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
Cheers
Well we got 2/3 of our wish list which is great ...
I am thinking to lower the bond price from 150 to 149 today as I do want a position in bonds before Wednesday.
In the oil we picked up longs at 78.80 and holding while in the wheat $664 was ideal price.
Now lets look forward.
The grains could hold this huge move or not hard to say as its obvious that the stops on the wheat are sitting at 702-705. currently (795)
With only $7 away from that it wont surprise me if we do go limit on wheat .
Maybe good idea to place stops..688
With oil Yes folks Syria did shoot down the Turkish War Plane.
Question is did the pilot go out on his own or was he instructed to .
I am holding my oil trade until Wednesday close as I do believe there might be more to come on the issue.
As for the market my belief is that a bottom is on the cards today at some point and a turn up..
Note to all ..
There is a distaution going on this week where many Fund Managers need to put cash to work even if its for a week it has to be allocated.
Outside every managers door is does say Fund Manager not cash holder, and so whether they like it or not money needs to be put to work this week. for the quarterly/yearly Audits which will proceed at the end of the week.
Its against there charter for most of these guys to be in cash, so we could see some wild swings or just the market wont go down as many anticipate.
Note by Friday 4pm those who have cash and need to be in stocks will be.
But after that nothing is to say that they cant go back to cash come the next trading day.
So gifts are on the way for the shrewed private traders.
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
Cheers
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