- Monthly : Topped out. Now breaking below significant support at 1291.
- Weekly : One of my favorite trading patterns = periscope = saucer bottom followed by a lone hollow candle pop up. Soybean is doing this now, except in mirror image along the X-axis. Let's call this a reverse periscope.
- Trade : Sold Nov beans at 1288 early this morning. Only in small so I can leave it on auto-pilot.
- Risk : Have reduced risk (taken profits) on much of non-core risk positions (copper, corn, TY) to auto-pilot levels. Reason is to concentrate attention on managing large core positions (SP500, CAD and EUR) well. SP500 and EUR have given fresh sell signals but having come off so much already, do not expect sell-offs to continue without some head fakes. Focus, focus, focus.
No comments:
Post a Comment