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Senior Contributor
ShelladyOptions
Posts: 923
Registered: ‎05-03-2010
0

OptionEye....July 17th

Good morning.

 

Market trying to come up with a good reason for yesterday's rally. The catalyst was the forecast but I think the real meat behind the rally were shorts that got squeezed. I think that is why the market settled back in later in the session. A little profit taking and the panic subsided.

 

Stories doing the rounds that wheat demand is picking up but is only coming through in a penny rally in wheat. Corn steady and wheat steady as we wait to see the depth of this heat damage. We are far from over the threat.

 

Bernanke minutes to Congress have been released and he has continued with accommodative rhetoric. Stocks have rallied since the release.

 

The 10 year yield continues to come in and is now trading at 2.48%.

 

The world is in flux and not sure what to do. More reports that China is not doing as well as the headlines would suggest and Europe is nowhere near solving it's issues. More danger lies ahead.

 

 

Advisor
giolucas
Posts: 1,129
Registered: ‎06-25-2010
0

Re: OptionEye....July 17th

Not more danger lies ahead.

 

More opportunity lies ahead.

 

The cup is half full.  

Veteran Advisor
roarintiger1
Posts: 1,593
Registered: ‎04-29-2011
0

Re: OptionEye....July 17th

I am prepared for that opportunity.   :smileywink:

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Advisor
giolucas
Posts: 1,129
Registered: ‎06-25-2010
0

Re: OptionEye....July 17th

[ Edited ]

 Stay Cool Roarintiger,