Weekend Wrap-up

Some of my peers have at long last turned bullish just this weekend which makes me worry they would have had you try to fight this bear fight since 45.52 a so called pivot point. Well we are well over 15% up from this area so to finally join the bull stampede I say it is about time. The commercials decreased their long position which I merely regard as profit taking.  All commodity signs point due north -check my chart you can see a classic buy channel that gives you some nice places to go long or short depending on where we are at the moment. Now I guided everyone with time stamps to a $3500 victory friday that is if you traded for half -points
there was room for each of those trades to net $7000 My hat is off to anyone that a has a point profit parameter or trades 2 contracts at a time.  Remember this game is far too dangerous to play without stops my philosophy is 1/4 point away limiting risk to $250
We trade for half points but whatever your guideline is take the profits and reset fro next trade
this is how we were able to generate a positive balance sheet being essentially bearish until the FED broke out it's magic printing press-! Now Let's go with the flow. This will come back in seriously at some juncture and we will let you know then for inventories still remain over-stocked



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one trade will more than make up for the cost of this labor of love. I watch technical and fundamental and keeps you posted with relevant economic data there will be two major postings per day -predictions in the morning and recap in afternoon but If something critical occurs I will typically do an immediate posting so link this site so you don't miss a thing