The downtrend in cotton continues, much to my chagrin. It closed limit down yesterday, and is down almost another $.02 as I write this.
After reflecting on my previous guest post about determining a market's trend, I decided it's time to eat some of my own dog food. So, I have sold my position in cotton. It will be interesting to see if the bottom holds around $.39. But I will watch from the sidelines until a longer term up trend establishes itself.
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
No comments:
Post a Comment