And with the VIX at historic lows and the market just grinding higher, I typically do not like to trade action like this. It's a position traders market!
Wheat, corn and rice continue lower. No signs of trend change. Coffee a minor low reversal.
Monday, July 25, 2016
Update
Fell out of the blogging routine, as I've been really busy with a lot of stuff!
And with the VIX at historic lows and the market just grinding higher, I typically do not like to trade action like this. It's a position traders market!
I want to highlight CMG, as it is a big name stock with a big pullback, and it has put in a double bottom and with a massive spike higher. This pattern indicates that big money is entering and this could be the start of a massive move higher and change of trend.
Wheat, corn and rice continue lower. No signs of trend change. Coffee a minor low reversal.
And with the VIX at historic lows and the market just grinding higher, I typically do not like to trade action like this. It's a position traders market!
Wheat, corn and rice continue lower. No signs of trend change. Coffee a minor low reversal.
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