since Thursday stock signal according to my reading is starting to turn bearish and I am changing my trading startegy to short term or quick style trading style...
I have started to turn my attention to commodities trading since last week , I am sensing a very strong signal is about to explode in commodities.
I have made Recommendation in Gold mine company Like GG on Thursday (other blog website) which made in strong rebound, I have some position in GG @ 39.50 and sell 30% of the holding to play short term trade but like I sold the 30% of the holding @ 40.00 too early ... Anyway the 70% is still bring in profit which I will hold on to GG for the time being untill further notice.
Crude oil is sending a mix signal on friday and it seem like the crude and stock is try to break away from each other trend, which I believe new trend for the crude and stock will established soon. I will still long Crude oil for the time I have add small position @ 69.10 on Friday which bring my average price up to US$68.3 from US$67.50 ... dollar inflation or devaluation will made commodities including precious metal and oil look good in mid - long term.
Wheat and corn, it a good time to buy/
On thursday I have add some position in wheat which the price of wheat exploded . I have put on commentary on wheat and corn on other blog
Updating trading status.
Long S&P @ 1041 8% of my port
Long oil @ average 68.10 15% of port
Long silver @ average 16.05 45% of port
Long GG @ 40.50 5% of port
Long Wheat and corn (10%) will add more if the price fall again
Wheat
Decem contract @averge 463
March Contract @ 493
Corn
@march 345
@december 358
Will cash out my S&P @ 1065
Short treasury @ 102.4
The stock market is in bullish sentiment so the S&P will be a upward momentum but I will start to reduce my position in the S&P and prepare to short market in the distant future..
I have not complete the commentary on gold and central government ... I try to complete soon..
Subscribe to:
Post Comments (Atom)
Posts
Been following your comments on HMS blog. I have been extremely impressed with your ability to stay the course with your recommendations - which have been proven correct.
ReplyDeleteLooking forward to your future comments - thank you for sharing your research - greatly appreciated.
Thank you Jogger ,
ReplyDeleteCommodities should be the next play after this stock rally end.
There will some price pressure in the distance future but you can
load some and in a slow accumulate proccess... should do you when the price explode ...
Cheer