Any thoughts on cotton? Pivots rounded out nicely and today we popped above the monthly, weekly, and daily A levels.
It's not above my monthly. And besides, I don't initiate new positions at the end of the month or week. You want to see breakouts "early" in the cycle, not late in the cycle.
You know, I've been thinking the same thing recently for the same reasons since the levels reset. I appreciate confirming that intuition -- wasn't sure.
Ah, looks like you've got higher levels than me. I might have to think through my setup for commodities more. A lot of them have gone nowhere recently. Corn for you probably never made an A up this month either, right?
Oh really? Hm. I took a small position earlier in the month and dumped it yesterday. Looks like my setup is inconsistent then. Grabbed gold yesterday though.
If anyone wants to make some cash for Christmas shopping, getting ready to pounce on these commodities when they break out. I smell a huge commodity rally going into year end. Just make sure to send me a thank you card (with maybe a small gift).