When Do You Add To Your Winning Trade?   This has always been a very interesting question because it can create a situation of going from rags to riches or from riches to rags in a very short amount of time. Many times I see traders abuse pyramiding or adding to positions with utter lack of any type of money management system in place and letting it ride which usually ends up in a complete wipeout of capital and sometimes even worse.

5 Year Notes—The Five-year notes are continuing their bearish trend selling off for the 2^nd consecutive trading session closing down 1 tick at 122.16  rallying off session lows as a short term bottom might be in place.

Coffee Futures-- Coffee futures are slightly higher today at 123.50 in the September contract as it looks to be a record crop down in Brazil as there is no frost or possible damaging freeze at this point in time pushing prices to new 3 year lows with the next major support at 110 – 120.

Precious Metal Futures-- The precious metals were weaker across the board once again Tuesday afternoon with gold down another $17 at 1,366 and it I have been advising in previous blogs I’m bearish the precious metals I do believe gold is going to retest the recent lows of around 1,320 here possibly in the next couple weeks as traders await tomorrow’s statement that from Ben Bernanke to see if the quantitative easing will be reduced or continued at fu