Recent blog posts
- Sugar Prices Near 3 Year Lows
- Are The Bonds A Sell?
- July Soybeans Higher--Corn & Wheat Lower Again
- Orange Juice Prices May Have Topped
- Have Cocoa Prices Turned Bearish?
- Coffee Prices Stuck In Trading Channel
- Crude Oil & Products Higher Again Despite Strong Dollar
- Where Are Cotton Prices Headed?
- Gold & Silver Down Sharply Again--Is There A Bottom?
- Do You Have A Game Plan?
Archives
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- October 2012 (284)
- November 2012 (194)


Sugar futures – Sugar was higher by 8 points to close at 16.89 but has finished lower 9 out of 10 trading sessions breaking out to a new 3 year low trading below its 20 & 100 day moving average and as I've stated in previous blogs I am bearish sugar prices and I am recommending a short position putting a stop above 17.90 in case the trend does break out to the upside but at this point in time I still believe that the trend in
5 Year Notes—The Five-year notes sold off for the 5th out of 6 trading sessions down another 8 ticks at 123.30 with the possibility of an all-time high double top occurring last month now trading below its 20 & 100 day moving average hitting a fresh 5 week low as investors are finally rotating out of bonds and putting those funds into the stock market which is hitting all-time highs again today.
Grain Futures--- The grain market was mixed today with soybeans in the July contract which I’ve talked about in previous blogs that there is the possibility of a short squeeze in the old crop soybeans due to the fact that carryover levels or supply are at extremely low levels and if you look at the May contract it exploded in its last several trading days settling around 15.30 also helping to push July soybeans up another $.21 today at 14.49 a bushel right
Orange Juice Futures-- Orange juice futures are still stuck in a two-month consolidation between 140 – 150 down about 400 points for the week and what looks to me as a possible top forming in prices as the soft markets seem to be entering bearish trends once again.
Cocoa Futures--- The cocoa market was very quiet this Friday afternoon finishing up only about 2 points at 2301 still trading above its 100 day moving average but now is crossed the 20 day moving average to the downside hitting a 4 week low today just down slightly for the week and in many previous blogs I was bullish cocoa prices placing my stop at the 10 day low which was hit several days back and now have turned bearish as a 4 week low as been created with ex
Coffee Futures--- Coffee futures finished down 295 points and had a disappointing week finishing lower by about 800 points still in a real seesaw chart pattern finishing around 137.00 a pound creating a false breakout to the upside last week with a false breakout to the downside a couple weeks ago so were still unable to breakout of this 8 week consolidation.
Cotton Futures--- Cotton futures had a very quiet trading week basically finishing around 86.35 trading slightly lower for the trading week and is still above its 20 and 100 day moving average by just an eyelash as export sales were disappointing coming out of the USDA yesterday as China who is our largest importer is slowing down which could put some pressure here in the short term.
Precious Metal Futures--- The precious metals fell out of bed this week especially gold which finished down for the 6th consecutive day trading far below its 100 day moving average all due to the fact that the U.S dollar hit another contract high today trading up nearly 70 points again today as investors are fleeing out of gold and taking that money and placing it in the U.S dollar and the S&P 500 which is hitting another record high again today.
This rule is very simple and it states that one must have a game plan and use it consistently even during periods of loses which will happen to you over the course of time. Do not suddenly start to risk 5-10% because you have to catch up and get your loses back quickly, stick with the game plan and over the course of time this will help improve your percentages of success.
If you follow the first 3 rules than this rule will never apply to you because if you are not over trading and risking more than 2% on any given trade. Never answer a margin call because you are probably overtrading and most likely the position is going against you and probably have lost much more than 2% on that trade.

