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| Am playing the waiting game in the grains & oilseeds....in my unqualified opinion on the outside markets (oil & etc. ) a resounding NO.
The stock market is on edge....the Dow is forming a potential "ski slope" formation (not yet confirmed) (my terminology) ..people are nervous..if this stock market cannot hold together here (if it does a different story) ...a lot of variables right at this moment...is the dollar ready for another leg? or is this a spike? There is the potential to unwind a lot more of inflation type buying in the outside markets...am watching how the rallies respond...if this indecision atmosphere transforms to a hope atmosphere...we have more down yet ahead of us in equities and outside markets....I think the grains are close to getting a set of legs ...however, I also have a bias in the equities as I sense the underlying confidence is beginning to finally crack. Also keep in mind I have been awake for almost 24 hours- Another hour & the spouse is going to again lock me in the basement. | |
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