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| Respectfully disagree. A loss is to be avoided, is the first consideration & to capture profits, if any. A fund can earn 2.75% in treasury bills at this moment. The key to trading is cut losses. Maximize profits and when uncertain go to the side lines.
I have no thoughts, other than I suspect there is a lot of nervousness unless the stock markets can show some recovery overnight.
As I personally review the markets, I am going to use any rally to sell July corn, with a stop overhead...might be wrong, but am going to stay with that program until I see the highs taken out & then I will wait for another set-up. With what I see at this time, if corn were to advance to $6.00, the least risk deal is to sell it on a scale up and wait....I am not going to be aggressive until I see more market action. I want to be a buyer of wheat and beans, with what I see at this moment, on sharp breaks. If July corn opens with a down side gap, and does not fill that gap after the first couple of hours then I might be more aggressive. Have not totally made up my mind yet.
I select July corn as we will have a decent carryout of corn & sooner or later, some carrying charges should appear. | |
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Short Overview
