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JO, Coffee ETN Stopped Out on Potential Selling Climax

JO (coffee ETN) was recently added as an aggressive, "catch-a-falling-knife" trade on Tuesday with JO triggering the suggested stop of any move below 15.90 for a 3.6% loss on Thursday. That impulsive sell-off on Thursday was indicative of a selling climax as well as a potential wedge over-throw on both $COFFEE (continuous futures contract) JO [...]

Agricultural Commodities Looking Bullish

As mentioned in this morning's market update, various agricultural commodities appear to have some of the most attractive R/R profiles right now, especially for long-side trades. The charts seem to indicate that many of these ag commodities appear to be setting up for attractive swing trades with rallies that could last several months & even [...]

May 22, 2017 12:46pm|Categories: Gold & Commodities|Tags: , , , , , , , , , , |9 Comments

WEAT (wheat) & JO (coffee) Updates

I've had a couple inquires in the trading room for updates on the WEAT Active Trade as well as JO (Coffee ETF), which was mentioned as poised to break out of a bullish falling wedge pattern in the recent 2017 Agricultural Commodities Outlook post. (that wedge was shown on the chart of $COFFEE) WEAT has [...]

2017 Agricultural Commodities Outlook

It appears that various agricultural commodities are likely to outperform equities in the foreseeable future, at least during the first half of 2017 & quite likely well beyond. One of my favorite trade setups in the ag commodities sector right now is wheat, which can be traded using futures or the etf, WEAT. WEAT looks [...]

Jan 2, 2017 9:02pm|Categories: Gold & Commodities|Tags: , , , , , , , |Comments Off on 2017 Agricultural Commodities Outlook