The Fed gave us a nice surprise yesterday when they said they will not let the balance sheet run off. Instead they will purchase “long term” US securities, possibly 5, 10 or 30 year. We initiated a new long position in CBOT September Corn futures, in today’s video I discuss how we are playing it. S&P e minis are still trading in the range between 1127.75 and 1100, until they break this box, we will sit on the sidelines and remain flat. If you would like to see how we are managing our other positions register here for a 14 day guest pass to the GT members area.
Strong Buy Stocks That Have Tripled the Market. See them for free.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.