Thursday, May 19, 2011

Equities
ES 2
YM 2
Energy
Nat Gas -2
Metals
Gold Buy 1 at 1501 breakout
Meat
Lean Hogs -1
Feeder Cattle -2
Grains
Corn 1
Rough Rice 2
Soybeans 1
Wheat 1
Soybean Oil 1
Softs
Milk III 3
Cocoa -1
Sugar Limit order at 21.85

Exited currencies as not worthwhile to trade for now. Market is in the middle of changing trends/resuming trend and is a 50-50 shot. Equities poised to rise in my view. If momentum picks up, should see nice follow up today. If not, its a negative sign.



Very bullish on grain complex, and taking quite a big position on its continuation.


I used to put some merit into reversal candlesticks like dojis, but I no longer do. As long as the trend is there, I've seen enough cases of continuations despite candlestick signals.

Buy order for gold at 1501, if it breaks it could resume its up trend. Feeder cattle and milk doing very well, all lines pointing in trend direction and good to hold. Testing out sugar's weakness, if drop tonight will see further down side.

Going to Jakarta for a quick holiday over the weekend, instructions to manage my trades have been left to a colleague.

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