A comprehensive video covering the outlook for numerous hard & soft commodities via 20 commodity ETNs & ETFs, including both hard & soft commodities along with various agricultural commodity ETNs. Due to the unusually large amount of trade ideas covered, this video runs longer than normal. As such, for those looking to skip ahead to the analysis of any particular commodity, the following ETNs/ETFs are covered in this order: NIB (cocoa), CUT (timber), WOOD (timber), UNG (natural gas), BAL (cotton), UGA (gasoline), JJC (copper), USO (crude products), OIL (crude oil), SOYB (soybeans), COW (livestock), DBA (various agricultural commodities), CORN (corn), CANE [...]
The JJG (UBS Grains ETN) long swing trade gapped up to open today at 26.78, 1 cent above T2, where any standing sell limit orders would have filled. This results in a 5.8% total or a 7% beta-adjusted gain in just 3 weeks for the trade as the suggested beta-adjustment for this relatively low-risk/low-volatility grain ETN (comprised of CORN, SOYBEANS & WHEAT futures) was 1.2 or 20% above a typical position size. Previous & updated daily charts below: click on the first chart to expand, then click anywhere on the right of each chart to advance to the next [...]
This video provides an update & the outlook for all active trade ideas on Right Side Of The Chart at this time as well as a couple of potential trade setups. Also discussed are some general trading strategies & considerations on aligning one's swing trading with the near-term outlook & trend of the broad market. The video duration can be reduced by increasing the playback speed in the video setting as well as skipping ahead to any particular trades which are covered in the following order: AOBC, OMI*, OREX*, CORN, ENDP, GE, IEF, JJG, SOXX, SPY, UGAZ**, XLE & XOP*** followed [...]
Updates on all Active Trade Ideas on RSOTC as well as a couple of the recently closed trades such as GDX. Playback speed can be increased in the settings to reduce the duration of the video. The following stocks/ETFs/ETNs are covered in this order: XLE, UGAZ, SPY, SOXX, JJG, DBA (unofficial long), IEF, GE, ENDP, CORN, AOBC, OSTK (closed) & GDX (closed).
The JJG (Grains ETN) Active Long Swing Trade has just hit the first target, T1 at 26.11, for a quick gain of 3.2% or a 3.8% beta-adjusted gain, as the suggested beta-adjusted position size on this trade was 1.2%. T2 at 26.77 remains the final target at this time although I may add additional price targets if the intermediate to longer-term technical outlook for the grains continues to firm up. Previous & updated daily charts: click on first chart to expand, then click on the right of the expanded chart to advance to the following chart. Once expanded, the [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in JJG, Grains ETN.
Technical analysis on the US stock market, gold, silver, platinum, GDX, crude oil, utilities & various agricultural commodities & ETFs. Playback speed can be increased in the settings to reduce the duration of the video.