Sugar Magnolia Blossoms Sweeter

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Futures and options trading contain substantial risk of loss and may not be suitable for all investors.

We couldn’t resist the sugar is sweet stuff in our tweet. Have never used it before but with the New Year holiday here upon us we felt why not.

We will make it short and sweet (there we go again) this week and include what will be the excerpt from this week’s Trade Focus on March Sugar.

In addition we will include an excerpt of something from our weekly publication that either isn’t or hasn’t worked out well and try to make this a policy. An associate told us some years ago that whenever you toot your horn you should show a loser too. We agree and we shall. There are some of those to go around. Always have and always will.

Here’s the Sugar excerpt written today 12/30/09:


Sugar (Mar.) – The suggested long entry approach from the December 11 close of 2400 remains active. Stop protection we believe needs to remain intraday penetration of 2477 or a close at or below 2494 UNLESS there is a close at or above 2751. If there is a close at or above 2751 we suggest stop protection can be raised to intraday penetration of 2597 or a close at or below 2649. There are now extension targets activate to approx. 2807 and 2871.

And now for the Soybeans which you will see have been stopped out:

Soybeans (Mar.) – Last week we had amended our suggested short entry approach to a price level of 103500 or above. This has now been elected as of Dec.28. The suggested stop protection would have also been elected with the intraday penetration of 105125 made today Dec. 30. No new suggested entry approaches at this time and we will update retracement levels following further price pattern development.


We thank you for taking the time to read and contribute to our blog.

Happy New Year to all and to all we wish GOOD TRADING throughout the New Year.

Remember the only way to receive our Trade Focus weekly is by email until further notice. You can reach us through the website or email or phone as seen on the right side of this blog site.

Our best wishes

Jeff
CB&S