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Post Jackson Hole E-Mini Trading Targets

SHORT-TERM

For Friday, both 2166.50 and 2179.25 should firmly contain intraday activity, beyond which the next notable level is expected intraday. Downside today, breaking/opening below 2166.50 signals 2160.25, able to contain selling through next week, once tested the 2186.75-88.75 region attainable again within 3-5 days. A settlement today below 2160.25 maintains a heavy dynamic into later next week, long-term support at 2122.25 then considered a 3-5 day target able to contain selling thro...

Aug 26, 2016
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Harvest Season, Hefty Supplies Spell Opportunity for Soybean Bears

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Last week’s USDA Supply Demand report for soybeans confirmed what some soybean traders have suspected for some time. Despite what bulls deemed “adverse weather” earlier this summer, the 2016 US soybean harvest will be a record. According to the USDA, US soybean fields will yield 4.1 billion bushels of soybeans – a new all time high.

This will result in a 2016/17 US Soybean ending stocks figure at 330 million bushels and a stocks to usage ratio of 8.2% - both the highest in a decade.

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A reco...

Aug 26, 2016
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Elevate Your Trading: 5 Tips on Trading Losses

“I avoid trading losses at all costs; I hate losses!" "Trading losses are just awful!  I can’t stand them." "When I have a trading loss, it just shows I'm not a good trader, husband, father, provider, … or person!"

How many of us have such thoughts about trading losses? Most, I would imagine, though we never talk about them. We may not even acknowledge them, but they are important. Such thoughts cause us to cut winners short, hold onto losing trades, avoid pulling the trigger, and even over t...

Aug 26, 2016
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Sentiment is Tricky to Trade

There is no denying that paying attention to sentiment-driven indicators could tilt and investor/trader to the right side of a trend.  Of course, no methodology is perfect but the probabilities, patterns and past experiences side with the evidence.  Emotional responses to news, events and price movements dominate market action, and we can use tools to quantify and graphically display when the emotions are at extremes - and a time to take the other side of the trade.

Currently the preponderanc...

Aug 26, 2016
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Mercury Retrograde: Why This One Will Be Good For Trading

 

We are at this point again: The last Mercury retrograde of the year is making its appearance fully at the end of August. Right now we are in the so called shadow period when things slow down, as the energy of Mercury intensifies noticeably.

Much feared and misunderstood for its so called communication issues, Mercury retrograde offers massive learning opportunities.

As if that weren’t good enough this particular Mercury retrograde has another benefit

It is passing through a relatively rare ...

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