Monday, June 14, 2010


One of our favorite tells in the market is copper.    Here are our two posts in the last week on copper (via JJC etf) on StockTwits

We traded intraday long all last week on the bottoming pattern:

And today we traded intraday short against resistance on the above pattern (including SCCO 31.5 short alert from last night) as copper hit the top of the trend-line.

One of the best advice we can give to young traders is don't spread yourself thin.   Find a niche and focus on that instead of trying to stay on top of every facet of the market.  We like following commodities -- it's our guideline  for how we trade.    Everything in this market is inter-connected, you don't have to watch everything to understand market movement.  Focus on one important sector, be it commodities, financials,currency, bonds, etc and get to know every wrinkle and crease on the map.