jonesrj

jonesrj

The uptrend line was broken at the end of August and is now retesting that broken trendline.... I would short RGR here with a stop loss of $67 and first profit level near $55.

jonesrj

A long large run up followed by a 61.8% retrace then a move to the 88.6% line...that pattern suggests a move to $25 is likely.

jonesrj

COW vs even weighted avg of live cattle and hog futures. The current LC to LH ratio is about 3:1 so equal weighting in this view is actually higher weighted to LC.

jonesrj

Comparing COW with the underlying futures.

jonesrj

Cattle prices will probably go through a lengthy consolidation after some pretty wild action over the past 8 years.

jonesrj Updated 

Wait for price action before getting long.

jonesrj

I will buy silver at 17.70

jonesrj

Expect oil to reverse soon in the 38.76 to 36.50 range, wait for price action confirmation.

jonesrj Updated 

If AAPL breaks out of current down trend, then a $125 March 2017 target is attainable. Wait for the breakout before getting long the March calls.

jonesrj Updated 

Possible breakout.

jonesrj

GOOGL has significant resistance around the $790 level. It looks poised to try and fill the April gap up to the $775 level, but RSI over 75 and recent rally (since June 28) on weak volume suggests it won't continue.

jonesrj

Buy any pullback near the $85 breakout. SL at $83.3, profit target near $94.

jonesrj

$GILD looks ripe for a short. The August $82.5/$75 put spread costs about $1.50.

jonesrj

A closer look at Mexico shows a well defined trading range over the past 2 months. That short term range should soon encounter a long term trend line (orange). Expect to buy that bounce.

jonesrj

20 year uptrend from Mexico is about to test the trendline. It is nearing a break point, expect it to break higher. Should be a good buying opportunity.

jonesrj

$AAPL broke its long term uptrend August last year and has been trading sideways since. It is reaching the end of the triangle formation and will break out...if it breaks down, a good short opportunity should follow.