Wednesday, July 14, 2010

VIX

On June 2oth the VIX bounced off the 200 ma and then rallied. Could this be a repeat?

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QQQQ -33 ticks

Long @ 45.62 stop @ 45.28 target one @ 46 target two @ 45.29

STOPPED OUT @ 45.29 - 33 ticks

USD/CAD

Long @ 1.0371 stop @ 1.0295 target 1.0454
Target one hit moving stop to 1.0484 next target @ 1.0675


Tuesday, July 13, 2010

Grains

I said earlier today that I would post my thoughts about the grains (soy,corn and wheat). all three are very bullish, but I will wait for an entry point. Soy should pull back to 954, corn is very close for a long position. Wheat needs to pullback as well... Hope it helps

USD

The USD is in a nice channel. If the price can hold here @ the 100 ma we should get a nice bounce to the top of the channel...If price breaks below 83.83 the price could touch the bottom side of the channel... Hope it helps

Grains

Soy, wheat and corn are setting up for a very nice trade. I will post about these tonight. Off to the gym...