4 August 2015 Newsletter - I Am in Wall Street Ltd

Published: Tue, 08/04/15

   
August the 4th, 2015

US DOLLAR - CORN & SOYBEANS - S&P500 - GOLD



US DOLLAR

A quick update about the US Dollar: we are seeing it moving mainly sideways after a final top in April, we did forecast the top in May, not so bad. Now the forecast is suggesting higher levels, whit the US Dollar remaining mainly up all year long, let's see if we will be right. If we want to play with the prices, the most important level is at 93.50, as long as the US Dollar remains above this level, it is possible to expect higher levels. Possible next target in area 107.





CORN & SOYBEANS

We would be surprise to know anyone that did a better forecast than ours! Does it look a strong sentence? Judge by youself!
2015, 23 of March: in May the PFS suggests a new strong up push, actually May should be a new buy opportunity, above all if it turns out to be a Low.
2015, 9 of May: Now we are in May, and so, I’m trying to open new LONG positions to let them to run, possibly till July.
2015, 31 if May: We were expecting a final Low in May, Corn did it and now I’m expecting a new uptrend. In the worse scenario we are going to see a general sideways movement in the first days of June. The uptrend should work at least till the last 10 days of June, but statistically it should go on till July. July should be the High... As you can see, the PFS is now suggesting higher levels till July and then down. This is the main path I want to follow.It is important to not think that Soybeans cannot go lower, everything can always happen. Actually, in July I will start following a possible new downtrend.

This is the PFS Chart I posted n the 31st of May in our Reports:


2015, 1 of July: Corn - If you followed the strategy and the forecast of our last update, I think you made enough profits, don’t you think? Possible pullback starting from the beginning of July. For the December Contract, the most important area is 436-437, we are planning to be always SHORT under it and FLAT above it.
Soybeans - As I said for Corn, possible pullback at the beginning of July, better to close the LONG position. We are planning to be always SHORT under the Key Prices 1040 or 1025 with the November Contract, and stop above this levels.The most important area for this Contract is now at 1033-1040.

SOYBEANS CHART:


CORN CHART:

Look at the chart, compare our studies and forecast to the Market, we did forecast the buy opportunity in May, we closed LONG positions in July and we opened SHORT positions, everything was just a perfect forecast! And the PFS has been still great!


S&P500

Probably, it is since January I keep saying in every my Weekly Report: In case of a continuation of the uptrend, next target at xxxx Index Points.Don’t forget the Market remains in uptrend, people are trying to call every week the next crash since 2012, but here we are, still, so, it is wise to follow the uptrend as long as we don’t have a different confirmation. The PFS suggests..... (in a mid-term point of view). Using our timing studies we try to take advantage of any pullback to open LONG positions.



We are actually playing with the sideways Market that lasts since April. We know exaclty what will be the signal for the end of the uptrend, and it is still not time. If you read the previous Newsletters, you can see that we are not suggesting any SHORT position. Even unexpert eyes can see that we are working between area 2050 and 2130 Index Points.


GOLD

Good job with Gold, we had some signals of weakness, so, we decided to follow the downtrend in case we had a movement under the previous lows in area 1140, and so we did. We have already closed 2/3 of the position in profit and we now remain SHORT with 1/3 following the possible downtrend.


 
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You can read the previous Newsletters following this link: http://archive.aweber.com/awlist3900413

Best Regards,
I Am in Wall Street Ltd Team

Skype: I Am in Wall Street
High Probability Trading Techniques - S&P500, Crude Oil, Gold, Corn, Soybeans, FOREX, Stocks and S&P/ASX 200

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