JVonD

May 222017
 

 


My apologies for the bad joke. I made the post before it was reported an attack on the crowd.
It’s unfortunate that this is an occurrence that our liberal leadership welcomes. Maybe they will attack the Yo Gabba Gabba show next.  The left invite the terrorists in. “Don’t build that wall”, “Come on in illegally!” they will say to all the labeled “refugees” and “dreamers”. Liberals welcome illegally crossing the boarder, and those who do can have more rights than the citizens.

 

May 152017
 

I WANT OATS!!!!  I’M HUNGRY!!

Give me my oats!  Hurry up.  I bought them today with an old order that I forgot about, but I pulled it off on the opening gap this evening for a little change. But shoot, I put another order at 224.25, the bottom of the diamond. Now as soon as these jerks (like Colbert) get done slamming it I’ll be buying me some of that stuff.

COT looks pretty good too.

Gonna put the order at the 200DMA.

-BUY ZON7 224.25

May 102017
 

Lately on #TradeBuddiesLive we have been keeping an eye on spreads, and man there have been some interesting things going on. Here’s some charts I’m very much interested in. Tune in on today’s live show for more info.

Lean Hogs-

Live Cattle –

Wheat –

May 092017
 

What’s the hold up? Just a heads up on Wheat. Everybody and their grandma eats wheat. I want to point out the back month future contract labeled “U” or September. Keep an eye on this level. Coming into this contract we can see some contango (AKA:forwardation) and it has major support at 440 which kinda like 420ish on the front month. This level on the “U” contract is like a concrete block in my view. Check it out.

Now let’s just check out what the big funds are doing when looking at the COT report. 

Just a week ago the funds were shorter than ever and were making all the bulls bleed to death. But if we look at the last move we can see a COT reversal. Which is looking nice for some possible bullish action. So as much as the funds were short wheat the price action held super strong at 440. It can not break down!, as though it seems. Last week we had a massive rally because of crappy weather, which I don’t think has fully been reported as far as damage to the crop, but then the profit takers came in which I think are just the funds jerking the small guys around. Also other fundamentals like a much smaller 2017 planting acreage is in play. So, Wheat,, LETS GO!

So that’s it. We’ll be keeping a close eye on this market on #TradeBuddiesLive. Although it COULD crash, I think it’s a really nice long play here real soon and I think the sell off the last couple days is complete horse malarkey.

-BUY ZWU7 – $440.25

May 052017
 

OMG! The most insane action I’ll probably ever see!  After 4 or so Limit Up’s hit we now see 2 Limit Downs  following the Thursday open which was an instant gap to limit up, CRAZY!!  I watched the price action on my ladder all morning on Thursday and man was it interesting to watch the big dogs slowly chop away at the limit orders that were stacked on the top. After a few thousand contracts were filled there was finally a relief and then the stops just flowed and you could watch them taking their profits as the top blew off, thus being a “blow off” top. A lot of times the following day will be a doji and them a quick double top before a larger move down but the selling just kept up with all longs liquidating. It’s impressive to watch.

On the chart we can see the gap fill following the contract roll which was a $14 difference then the bog pop. Gap up a to limit up is ridiculous and I don’t think I’ll ever see anything like it again. 

And now we see the lock limit down and none of the longs can get out and are trapped.

We could see another big day on Monday cause there could be another considerable gap but a lot of times you’ll see the limit orders are set to “day” meaning they will cancel at the end of the session so right at the close you will sometimes see thousands of contracts “pull” (removed). Going from Wed to Thursday I don’t believe think they pulled a lot of them or they were set to “Good Till Cancel”.

Well it sure is crazy!!  What an experience.

May 032017
 

Just moved to Longmont, CO and got their new fiber optic internet. Watch the insane jaw-dropping speed of the internet with out the throttle down that the corporate jerks do. My router can’t even come close to keeping up. $45/m
F-YOU COMCAST!!!!!!!!!!!!!!!!!

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