Following Up From Friday
Jerry Welch - InsideFutures.com - Mon Apr 16, 2:18PM CDT

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

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On Friday, I posted a piece entitled, "This Weeks Trading Suggestions." This afternoon, I am following up on that article.

First, soybeans that posted a downside key reversal on Friday and lost 6 to 7 cents had follow thru weakness today. Though hog futures posted a gain Friday, they too closed today in the red with back month December ending 70 lower. My Friday, posting suggesting loudly that soybeans and hogs were showing signs of weakness was right on. And today, they did indeed show weakness.

In the case of short July Chicago wheat entered into last week, I suggested exiting that position in mymorning broadcast and fill was $4.81, or lower. The short was placed at $5.071/4 and suggested in my twice a day newsletter as well as here on Inside Futures.


I also suggested to remain short Dow Jones June futures with longs in June Treasury bonds. As I type furiously away, the Dow is 240 higher and bonds unchanged. Though the trade did well on Friday, it is now a loser. But I did suggest to give that trade one more day. One more day.


And as a new trading suggestion in a Special Email Alert I stated the following;

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special email alert!


As a new trade: sell (1) June Comex silver at the market. The last is $16.76 up 6 cents an ounce. The range today is $16.80 to $16.64. Use $16.81 stop, intra-day on this trade.

The time is 11:14 a.m. Chicago

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At settlement, June silver closed around $16.71, up 1 cent for the day.

Summary: I am going into tomorrow, Tuesday, long oats and short soybeans as suggested Friday. I am also short back month hog futures. I exited short Chicago wheat and suggested a new trade, to short June Comex silver with a tight stop.


And I am going to give, long June bonds and short the June Dow Jones "one more day. One more day."


All the suggestions above and the Special Email Alert were only sent to my brokerage clients and to those that subscribe to my newsletter, Commodity Insite. However, those that recently purchased my one-of-a-kind book, "Haunted By Markets," also received my broadcasts as well because they automatically receive 1 month free of my newsletter. And all Email Alerts!

If you are interested in taking a sneak preview of Haunted By Markets please go to www.commodityinsite.com and check it out.


PS. There is so much volatility going on with all markets, I am using Special Email Alerts to keep my brokerage clients, newsletter subscribers and recent buyers of Haunted By Markets on top of things. In todays, marketplace if you are not getting timely advice you are at a severe disadvantage to those that are.


The time is 1:48 p.m. Chicago

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