ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Teucrium Corn ETF (CORN) soared on the day by 4.0% as commodities rallied across the board. The rally took CORN into its 50-day moving average (DMA) and an opportunity to take a profit on my trial run on short-term trades around my core CORN position. (I announced the buy here). Source: FreeStockCharts.com This first buy … Read more
A month ago, I wrote about the resilience of cocoa prices in the face of an avalanche of weaker agricultural prices. Given my opportunistic strategy for trading cocoa through the iPath Bloomberg Cocoa SubTR ETN (NIB), I laid out a price target for locking in profits on the latest trade. I have since sold my … Read more
Illinois Governor Bruce Rauner asked the U.S. Department of Agriculture to declare a disaster in areas of the state hit hard by flooding. He should have asked for disaster relief on behalf of all the nation’s corn. Illinois was the nation’s #2 producer of corn in 2014, but the potential damage from on-going flooding in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 30, 2014. Click here to read the entire piece.) After an additional dip, my thesis for playing another bottom in Teucrium Corn ETF (CORN) seems to finally be working. Since that article in mid-August, CORN is up 5.3% versus a … Read more
Technical analysis becomes particularly precarious during earnings season, but there are some intriguing charts I felt compelled to post anyway. Some telling and strong stories here… Rackspace Hosting, Inc. (RAX) RAX has given back all its gains from the initial excitement over the potential for “strategic alternatives.” Bears have added insult to injury by rushing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 24, 2014. Click here to read the entire piece.) On Friday, February 14, 2014, Nightly Business Report produced a timely segment on chocolate and the strong growth in worldwide demand that challenges global supplies. My ears really perked up when … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 13, 2013. Click here to read the entire piece.) If there was any time for Teucrium Corn (CORN) to finally bounce, Monday (August 12, 2013) was it. The United States Department of Agriculture (USDA) announced its projection for record corn … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2013. Click here to read the entire piece.) Last summer, America’s corn fields were plagued by drought. The conditions were dire across the U.S. at historic proportions. From the U.S. Drought Monitor July 25, 2012: {snip} At the time, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 28, 2012. Click here to read the entire piece.) In “Why Taxpayers Pay For Farmers’ Insurance“, Planet Money recently took on the sensitive subject of subsidies to farmers. My sense has always been that these subsidies are more controversial amongst … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 23, 2012. Click here to read the entire piece.) Commodity stocks have generally underperformed the stock market in 2012. I still cannot decide whether this weakness represents a leading indicator of broader weakness to come or a fortuitous relief to … Read more