09/03/10: The summer of 2010 is almost over and one can see the markets setting themselves up for the fall. While we see little movement in the currency and interest rate markets, Canadian and UK stocks have broken their respective downtrends and look like they want to test their spring highs in earnest. Considering the upcoming US Congressional elections this November, I don't see any major push lower until that event is out of the way. Elsewhere, Corn has finally broken out and registered a weekly bottom pattern. A few weeks ago we mussed at how long it would take for Corn to be dragged higher and now it too has finally turned the proverbial bearish corner. Refer to this weeks CTS spotlight for more on this. As well, for those OnlyDoubles subscribers out there, you should have put your latest position on (there is a hint at what the trade is in that sentence)....
Corn: I have included the chart above. To mix things up a bit this week. I have put the commentary on the chart itself. Offer feedback if you would like....
That's all for this issue of the CTS Spotlight,
Brian Beamish FCSI
the_rational_investor@yahoo.com
http://www.the-rational-investor.com
p.s. OnlyDoubles subscribers enjoyed taking profits on yet another OD trade! go here for more info...
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