 | | 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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| The market is overbought short-term, but the technical set up is very positive. Corrections look like buying opportunities as improving weather should help demand in the coming months. I would look to buy June Live Cattle around the 92.00-91.25 area. My objective is in the 98.00-100.00 range. |
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| The close below the 40-day moving average suggest the trend is turning down. I would look to sell rallies in the June Euro around the 1.5725-1.5800 area. My short-term objective is 1.5200, but positions traders can stay short for a bigger break. |
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| Sugar look relatively cheap compared with other commodities (Crude & Beans). Buy July Sugar around the 1220-1200 level. I just think that you have to get long around this price level. This is a counter trend trade.
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| We are projected to lose 6-8 million planted acres in corn this year. The forecast for this week suggest that we will not get corn planted in a timely manner. With a delay in planting we will lose more acres. Try to buy a break in Dec Corn @ 610 with an objective of 670-700. |
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Buy June Canadian Dollar/Sell June Euro Currency. I would wait for a rally in the Euro Currency before I would place this trade. I think the Canadian should hold the .9800 level & the Euro looks like a sell to me.
Note: Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable but accuracy cannot be and is not assured. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK involved in trading futures and or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading
futures or options on futures with anything other than RISK CAPITAL. This information is provided freely and is NOT in the capacity of a trading advisor. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. Information provided is not to be construed as an offer to sell or solicitation to buy any commodity or security named herein. |
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| | 5 Hot Picks by Eric Reinholtz of DAW Trading |
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Eric Reinholtz is a Senior Market Strategist with DAW Trading. Mr. Reinholtz relies heavily on his expertise in charting markets for his exact entry and exit scenarios. Mr. Reinholtz’s focus targets very realistic money-making strategies more so than cryptic buy & sell signals that can get flashy publicity, but have little to do with actual portfolio alignment. He believes a professional way of approaching the markets should emphasize scaling-in during serious purges (ideally after bases are built), and scaling-out gradually into strength (ideally into extended parabolic moves), happily not worrying about "milking" the last percent out of a move
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| Traders can use this recent rally in the S&P 500 index to establish longer-term short positions. While most of my work involves day trading, this position is based on long-term resistance between 1403 to 1415. Sellers should place buy protection orders at 1422. If close back above 1422, market could start the 'Bull Run' I have been predicting a little earlier than anticipated. |
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| Traders can use this weakness to establish long positions as close to 98.15 level as possible. If market breaks below 97.75 traders should stop themselves out of trade. Weekly chart has terrific support coming from rising bottoms pattern. |
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| Intriguing pattern is one that is just too hard to resist. Taking a look at a daily bar chart for July Coffee and it is easy to see why Starbucks' stock is taking a pounding. Based on Fibonacci retracement theories, target for the upside is now 151.50 level. Only a close below 129 would end bullish pattern. |
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| Trend line coming from the spike high in February 11th, and the re-test February 28th, gives resistance at 111.00. Spike barely violated this level on Friday, setting up terrific opportunity for short sellers to enter. As highlighted many times for readers, I will continue to sell into any rally in feeders which take market to over-bought conditions. |
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| 'Loggerheaded' is term I placed on any short sellers in corn. July Corn has tremendous support coming in at $5.85. Traders who are not currently in corn can use any weakness near this level to enter long. Only a move back below $5.73 would end this bullish pattern for corn futures. |
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