A couple of points to address on the agricultural commodities. Regarding the recent official trades in the ag commodity sector, both NIB & WEAT have exceeded their max. suggested stops & will be moved to the Completed Trades categories. WEAT (Wheat ETN) was recent added back as an new long swing trade after the previous [...]
After the previous swing trade recently hit the final target (T3) for a 10% profit 6 weeks after the entry, followed by the expected correction, that near-term overbought correction appears to have likely run its course. As such, WEAT once again appears to offer an objective long entry here at the 7.00ish support level with [...]
WEAT (Wheat ETP) has hit T3 (7.61) for a 9.8% profit. As T3 is the final target for the swing trade, swing traders might consider booking full profits while longer-term traders holding out for the 4th target might consider raising stops to protect profits at this point. T4 has been set at 8.44 which is [...]
This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.
The outlook for the US stock market via SPY, QQQ, & IWM followed by analysis on GLD, GDX, SMH, WEAT, JJG & DBA.
After hitting T1 & reversing a mere penny shy of T2, WEAT (Wheat ETP) has now pulled back to the former R1 resistance level which is now support. As such, WEAT offers an objective add-on or new long entry with a suggested stop on a daily close below 6.85 (which is 15 cents above the [...]
This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.