Commodity Game Plan

I know a few people who are using this morning’s bounce to deploy more energy shorts. However, I’m going to wait for a few more points to add to my existing short positions. While I agree we may get a quick drop here, risk/reward is not great until we get entries closer to the top of the breakdown bars.

Take a look at the charts of MOS and X, my existing short positions.

Ideal MOS entry: 100-102

Ideal X entry: 126-128

One thought on “Commodity Game Plan

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  1. I wish you had posted MOS numbers in your Market Speculator report, isntead of showing the arrow. I couldn’t figure out where it was pointing.MOS was up to $100 and I wanted to short more of it, but thought your arrow pointed at a higher point.Thanks for the trade anyway, it’s been good!

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