We invite you to call and ask about any of these market situations we have discussed or to ask about our considerations for the best trade opportunities for the day or for the week. We also welcome any comment on our weekly commentary as well. We believe, through our years of experience, that what we offer is of value. We are confident enough, in fact, to say to you to tell your friends, relatives and neighbors about us too. Please feel free to contact us at 1 800 321-5810 or email to cbands@cbandsbrokerage.com
Both the Trade Focus commentary and the market analysis section were written during the course of business on Thursday, November 12th.
A long time friend was telling us about a new approach to trading the markets that he was developing. He described it as a very simple methodology but it is one that would require commitment and discipline to the applicable trading rules. We agree with this to the nth degree in whatever system one may employ and truly to any business endeavor one may pursue as well. It is wise we think, and we also believe it makes the management of the big picture much easier.
Some folks might be tired of us talking about the discipline aspect of the trading universe but it is that crucial, and therefore never a wasted effort in our opinion. It is so easy for trading market participants to become overly involved in watching price movement of that which he or she may be involved with. Watching every tick and seeing quick shifts in direction or momentum swings often becomes too great of an influence on attitude and then decision making. When trading it is so absolutely key to remain focused on the goal and the purpose of the trading plan. In other words, keep the nerves in the stomach and off the trigger finger.
We have discussed many times of how to structure the plan and then the order procedure for each trade and each aspect of the trade. Once in play do not deviate unless there is an event that occurs which is a predetermined acceptable event allowing for deviation from the preconceived trading strategy. Yes we know simple but not easy, but oh so important. We also believe in the long run so very beneficial.
Natural Gas (DEC) - No new entry approaches to suggest.
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 SUGAR (Mar) -
We believe we can revise our suggested long approach after a few weeks of more of the same. Long entries can be initiated with a close at or above 2416. Stop protection for this suggested long entry if elected we believe should be intraday penetration of 2289. The suggested short entry approach remains a close at or below 2114 with suggested stop protection of intraday penetration of 2333 or a close at or above 2303.
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 Silver (DEC) - We believe there are both long and short entry approaches to offer this week. Long entries can be initiated with intraday penetration of 178600 or a close at or above 178100. If initiated we believe stop protection should be intraday penetration of 171100 or a close at or below 171450. Short entries we believe can be initiated with intraday penetration of 160750 or a close at or below 161050. If initiated, the stop protection for this short entry approach we believe should be intraday penetration of 168200. Retracement levels of support are approx.: 160250; 153500; 146750.
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 Gold (Dec) - There is an active long entry that was elected with the intraday penetration of 107550 on November 3. We believe the suggested stop protection for this long entry can be raised to intraday penetration of 109430. The high for this week so far has been made today at 112340. As we are preparing this section it is possible that a reversal of some degree is in process. Near term retracement levels of support are approx.: 108700; 107550; 106410. The next series below this is approx.: 107130; 105490; 103850.
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 Euro Currency (Dec) - There is an active suggested short entry from the zone between 14875 and 14915. We are not yet comfortable in lowering the suggested stop protection. However we will submit that if the December contract closes beneath 14735 that stop protection can then be lowered to intraday penetration of 14922. Near term retracement levels of support are approx.: 14886 (hit); 14836; 14786. There is another series at approx.: 14839; 14770; 14702. Below this the next series is approx.: 14675; 14556; 14437.
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Mexican Peso (Dec) - The Peso remains confined to a sideways pattern. We will be observing until determination of breakout becomes more discernible. |
 British Pound (Dec) -
Last week we had both a long and a short entry to suggest. During the week the suggested long entry was elected with the intraday penetration of 16754. We will amend our stop protection to intraday penetration of 16386 or a close at or below 16430. The short entry approach we believe can be amended to a close at or below 16296. The suggested stop protection for this suggested short entry if elected we believe can be intraday penetration of 16496. Retracement levels of support are approx.: 16408; 16273; 16138.
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 Canadian dollar (Dec) - The suggested short entry still active as of last week from the initial intraday penetration of 9532 would have seen the suggested stop protection elected at its break even level with intraday penetration of 9532 during the course of this week. |
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 S&P 500 (Dec eMini) - Last week there was an active short entry from the intra day penetration of 106625. The stop protection of a close at or above 107125 was elected with the Nov. 9 close of 109175. We will amend our other short entry approach to a close at or below 102425. Stop protection for this short entry approach if elected we believe should be intraday penetration of 107075. Near term retracement levels of support are approx.: 107420; 106500; 105580. Another near term reading for retracement levels of support is approx.: 106875; 105775; 104675. The next series underneath of a larger scale is approx.: 101150; 98275; 95425. |
 Feeder Cattle (Nov) -
Any remaining suggested short entries which would have originated from a price level of 10250 in the October contract and now rolled to the November contract can lower stop protection to a close at or above 9562.
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 Soybeans (Jan) - There is an active long entry from the price zone between 96500 and 9500. We believe stop protection for this suggested long entry can be raised to intraday penetration of 94875. We believe new or additional long entries can be initiated with intraday penetration of 102550 or a close at or above 101600. We will update retracement levels following additional pattern development.
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 Wheat (Dec) -
There is an active suggested long entry from the price level of 49550 or better. We believe the stop protection for this long entry can be raised to intraday penetration of 49575. We believe we can suggest that new or additional long entries can be initiated with intraday penetration of 58725 or a close at or above 57825. Near term retracement resistance levels are approx.: 52100 (hit); 53125 (hit); 54150(hit). The next series of larger scale above is approx.: 54800; 58175; 61575.
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 T-Bonds (Dec) -
We believe we can stay with the suggested short entry approach to initiate with a close at or below 117-22. Stop protection for this suggested short entry if elected we believe should be intraday penetration of 119-14. Retracement levels of support are approx.: 118-20 (hit); 117-01; 115-14.
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 Ten Year Notes (Dec) - We believe short entries can be initiated with a close at or below 118-06. Stop protection for this suggested short entry if elected we believe should be intraday penetration of 120-01. Retracement levels of support are approx.: 117-11; 116-18; 115-25. |
