I am watching 15 markets now and all of them can start substantial moves soon. But let’s start today with SP500. You know I am bullish in this market, however, its time to add tight trailing stops. I think at the end of April or the beginning of May, we will see a pullback. So, there is still room for upside a bit. We will get the next good entry for longs at the end of May. Well, that is based on cycles and overall my bias is to the upside. But you know¬† timing is very important.

We had 2 amazing trades in live cattle on managed accounts – upside and downside. I believe there is a big chance to see rally soon again. Commercials are buying, the market is undervalued and seasonal is up. What else needed? – Oh, an entry… I think retest and rejection from 80 – 75 will be a good signal.

Soybean oil is also setting up for a rally. We have the same base for an upcoming move as in the live cattle market. So, whatever entry technic you use, look for buy signals.

I think copper is with attention now. The price has broken higher, but accumulation didn’t. That’s very bearish. Besides, look at commercials – they are selling. We have a clear trendline on the daily chart. Once we break it, there is a big possibility of wave down.

Wishing you a great week!

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