 | | 5 Hot Picks by Michael Levin of Platinum Trading |
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 Michael Levin is a Consultant to Platinum Trading Solutions. He has been in the Financial markets since 1981, having been a broker and trader on the PHLX Equity Options floor in the 1980's and ran trading firms in New York in the 1990's to 2002. Mike briefly set a record in the options trading division of the US trading Championships years ago. |
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What an incredible move up, taking out both of my sell limits to close out of the trade with huge gains in a little more than 45 days... Timing is a great thing and again, as I said, I got lucky too... I'd wait for a pull back to wash out some of the new longs and give shorts a chance to catch their breath... Buy Oct Cotton on a move back to $59. |
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Sorry to the Bulls as I said Corn would make a move below the $3.50 area and it did HARD. Now it's in the $3.37 area for September and I'm a buyer down here for a move back up to $3.75 or so. |
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Well, as good as I've been these past few months, I did get Soybeans wrong last week as I expected a similar pullback here as in Corn, instead it ripped right up. No comment now, I'll lick my wounds and take a neutral stance until I get a better feel... Shame though as I've been a bull on Soybeans but tried to play it too tight and not look at the bigger picture. |
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We did get that breakdown I was talking about in the metals although Silver didn't fall as low as I thought it might on panic selling, still it was a nice crack, hope you weren't long. A small reflex rally higher now, but I expect 1 or 2 more shake out attempts here before I go long. The same with Gold only a shallower pullback and a nice step down within the channel since May (Aug Gold). Today's action is encouraging and if the next pullback is higher than the recent low set last week I would enter 1/3 of a position with a move to $668 to add the next 1/3 of my position. |
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Coffee came back below where I thought it might, but still not back to our original entry around $1.07. The recent action on the September contract is intriguing as it seems to want to make a bottom but isn’t washing anyone out. Buy again here under $1.12 and let go of ½ the position around the $1.18 area on a rally.
If you want any further opinions on the market or on our highly successful Spread System, up over 75% for the year so far, click our link and say hello… |
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| | 5 Hot Picks by Lee Gaus of EFG Group |
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| Lee Gaus has thirty years of experience in the commodities industry. In 1992, Lee established EFG Group along with his two partners who are long-time friends. Since then, Lee has traveled the U.S. conducting seminars and trading meetings for retail traders and commodity offices. |
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Since I am personally partial to spreads I am suggesting people look at Buying Oct Cattle/Selling Oct Hogs on a Spread around 2920 premium Oct Cattle. My long term model turned bullish this spread last Friday. It will take a close on Friday below 2421 to reverse the long term model. |
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I continue to look for a dip back to around the 6240 to buy December Cotton. I will be willing to accept a good bit of risk with this trade using an initial stop below the 5666 on a Thursday close. My long term model turns bearish on a Friday close below 5476. |
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Given the latest USDA report and my models I will look to buy November Beans around $8.65, looking to use a stop loss on Thursday's close below $8.36. My long term model turns negative with a Friday close below $7.67. |
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September Canadian Dollar |
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Buy September Canadian Dollar around the 9368 level using a stop loss on Thursday's close below 9256. My long term model turns lower on a close Friday below 9000. |
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Sell September Silver at around 1295 use a stop loss above 1360 on Thursday's close. It will take a Friday close above 1460 to reverse the long term model. |
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