I find risk/reward of this trade quite attractive. Sell short at current price with stop above 1000. Fist (small) target @ 976, second target @ 942, third target @ 882.
Nice downtrend in crude oil. I anticipate test lower after some chop around 41.7. Target price is the lower boundary of previous high volume area. Wrong if it goes above 43.2 to the upper volume distribution.
Friday's extraordinary events in Turkey shocked the world. The first news of the coup attempt sent the Turkish lira FX:USDTRY down nearly 6%. Euro and S&P futures fell while oil ICEEUR:CB1! rose. Usually I don't trade Forex, however this is opportunity one cannot miss. Since I am somewhat bullish on euro in the short term (which is determined not by the term...
Few days ago KMI moved out of consolidation zone on higher volume. Weak structure above and price discovery mode almost guarantee (I don't usually say that :) ) growth up to $24 and higher ($32).
Today KMI will have earnings announcement after market close, so I am going to use possible wide price swings to buy some shares.
This is one of the Buffett' companies...
In short-term I think wheat is ready to return to balance price.
Positive factors:
+ soaring global ethanol demand;
+ prospects of lower crop inputs in the face of falling profitability;
+ strong recovery in global feed demand (USDA hiked by nearly 11m tonnes to 144.4m tonnes its forecast for world feed use of wheat in 2016-17. That's the second highest...
VIX closed last week on the lowest level since august 2015 – and we all remember what happened then. This, combined with the highest ever level for S&P 500 make me a little cautious in the short term. Move up in S&P 500 looks somewhat tired. I believe market needs some rest and is ready for a small correction. So here is my idea for the trade:
buy AMEX:VXX ...
