Wheat reverses to a buy! (^WN16)

May Rotations: Core= wheat, Featured= US dollar

Signals: wheat Long 5/19 (TSP=Waiting), US dollar buy 5/11 (TSP= 94.13)

Model Notes: Wheat reverses to a buy! We can catch the TSP (tomorrow’s close) later but it looks like a positive trade for now. The recent US dollar buy looks good to as the greenback drifts higher. Both models look to be in sync with their respective markets.

Note: TSP is calculated by using the closing price of the trading day after the signal day. It is more realistic for trading calculations/evaluations.

Nonlinear Trading Themes:

  • CTM160519wWheat Trading Signals (May core market) The model expects the 455 support level to hold. This feels about right as the market fell off the end of April levels. The model wheat portfolio is now long and we are waiting for the TSP (entry price).
  • CTM160519uUS Dollar Trading Signals (May feature): The dollar model is now long and the greenback is challenging near-term resistance (approx. 95.25). The model expect dollar to push north of it.

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Take a minute to peruse the US Equities tab. I recently posted the S&P 500 postmortem. I think you will be pleased.

GH Garrett – Chief market analyst for ConquertheMummy.com  © 2015-2016, “Nonlinear signals that matter in gold (and wheat)  trading.”

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