While equities are pressing everyone’s buttons at once let’s take a quick look at some targets we touched today:
USD/CHF – clean entry a few sessions back and I decided to reap my rewards today.
Copper – same deal but in the other direction. Also at target – yes, it may overshoot but I’m not in the gambling business – out and about.
I went long wheat on the 10th with a stop below 595. Unfortunately that one got stopped out but I went back in when we painted an inside day. Which paid off handsomely in the past two sessions. To my dismay I think I forgot to tell you guys about that second entry – I went back and looked and don’t see it. My bad!! :-} Doesn’t happen often but sometimes the timing does not permit me to include everything.
Natgas is not at target – yet. But I wanted to put up this chart as I remember some of you heading for the hills for no reason. And once again it pays to sit and do nothing – my favorite type of job! 🙂