1/22/2012
Traders are advised not to exceed the rule of thumb - 10% of equity to risk ratio. If you do not fit this risk profile listed in each trading module, traders are advised to consult with their account executive for an option trading strategy. ***Multiple closes represents 4 business days for conservative traders.
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TECH TALK BY SCOTT R. JOSS (C.T.A.)*
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Note: On Tuesday the FOMC begins their meeting and Wednesday January 25th, the FOMC meetings conclude.
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MARCH ORANGE JUICE (OJH2)
Note: Traders previously long Orange Juice from 182.00 or higher and have not exited their trade are advised to place stops below 182.95. Traders can refer to the archived 1/08/2012 newsletter, which is posted on ClearTrade's website.
Our next objective is 256.80.
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MARCH SUGAR (SBH2)
The proposed trade risk for March Sugar next week is $3,875.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 28.42***:
Traders are advised to buy, placing stops below 24.98*.
# 2) Multiple closes above 28.80***:
Traders are advised to buy, placing stops below 25.38*.
# 3) Multiple closes above 28.96***:
Traders are advised to buy, placing stops below 26.18*.
# 4) Multiple closes above 29.36***:
Traders are advised to buy, placing stops below 27.14*.
Our objective is 29.65**.
# 5) Multiple closes above 30.60***:
Traders are advised to buy, placing stops below 28.35*.
Our objective is 31.05**.
# 6) Multiple closes below 22.44***:
Traders are advised to sell, placing stops above 24.98*.
# 7) Multiple closes below 22.05***:
Traders are advised to sell, placing stops above 24.65*.
# 8) Multiple closes below 21.75***:
Traders are advised to sell, placing stops above 24.25*.
# 9) Multiple closes below 21.46***:
Traders are advised to sell, placing stops above 23.52*.
# 10) Multiple closes below 21.10***:
Traders are advised to sell, placing stops above 22.82*.
Our objective is 20.99**.
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MARCH EMINI S&P (ESH2)
The proposed trade risk for the March EMINI next week is $3,662.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 1315.75***:
Traders are advised to buy, placing stops below 1243.00* and refer to trading module #6.
# 2) Multiple closes above 1331.75***:
Traders are advised to buy, placing stops below 1259.75*.
# 3) Multiple closes above 1341.00***:
Traders are advised to buy, placing stops below 1267.25*.
# 4) Multiple closes above 1354.50***:
Traders are advised to buy, placing stops below 1281.25*.
Our objective is 1368.50**.
# 5) Multiple closes above 1374.50***:
Traders are advised to buy, placing stops below 1311.75*.
Our objective is 1396.25**.
# 6) Multiple closes below 1195.50***:
Traders are advised to sell, placing stops above 1266.00*.
# 7) Multiple closes below 1177.25***:
Traders are advised to sell, placing stops above 1243.00*.
# 8) Multiple closes below 1164.00***:
Traders are advised to sell, placing stops above 1223.00*.
# 9) Multiple closes below 1152.50***:
Traders are advised to sell, placing stops above 1212.50*.
# 10) Multiple closes below 1141.75***:
Traders are advised to sell, placing stops above 1195.50*.
Our objective is 1125.00**.
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MARCH COPPER (HGH2)
The proposed trade risk for March Copper next week is $11,900.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 3.8530***:
Traders are advised to buy, placing stops below 3.3780* and refer to trading module #6.
# 2) Multiple closes above 3.9260***:
Traders are advised to buy, placing stops below 3.4790*.
# 3) Multiple closes above 3.9435***:
Traders are advised to buy, placing stops below 3.5940*.
# 4) Multiple closes above 3.9690***:
Traders are advised to buy, placing stops below 3.6360*.
# 5) Multiple closes above 4.0130***:
Traders are advised to buy, placing stops below 3.7680*.
Our objective is 4.0395**.
# 6) Multiple closes below 3.2185***:
Traders are advised to sell, placing stops above 3.5940*.
# 7) Multiple closes below 3.1660***:
Traders are advised to sell, placing stops above 3.5390*.
# 8) Multiple closes below 3.0200***:
Traders are advised to sell, placing stops above 3.4790*.
# 9) Multiple closes below 2.9940***:
Traders are advised to sell, placing stops above 3.3250*.
# 10) Multiple closes below 2.9250***:
Traders are advised to sell, placing stops above 3.2325*.
Our objective is 2.8290**.
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MARCH CANADIAN DOLLAR (CDH2)
The proposed trade risk for the March Canadian next week is $3,770.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above .9952***:
Traders are advised to buy, placing stops below .9675*.
# 2) Multiple closes above 1.0000***:
Traders are advised to buy, placing stops below .9738*.
# 3) Multiple closes above 1.0075***:
Traders are advised to buy, placing stops below .9825*.
# 4) Multiple closes above 1.0160***:
Traders are advised to buy, placing stops below .9847*.
# 5) Multiple closes above 1.0187***:
Traders are advised to buy, placing stops below .9917*.
Our objective is 1.0275**.
# 6) Multiple closes below .9542***:
Traders are advised to sell, placing stops above .9917*.
# 7) Multiple closes below .9485***:
Traders are advised to sell, placing stops above .9738*.
# 8) Multiple closes below .9440***:
Traders are advised to sell, placing stops above .9675*.
# 9) Multiple closes below .9359***:
Traders are advised to sell, placing stops above .9629*.
# 10) Multiple closes below .9274***:
Traders are advised to sell, placing stops above .9573*.
Our objective is .9222**.
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MARCH CRUDE OIL (CLH2)
The proposed trade risk for the March Crude next week is $6,910.
The proposed trade risk for the March Mini-Crude next week is $3,455.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 103.90***:
Traders are advised to buy, placing stops below 97.01* and refer to trading module #6.
# 2) Multiple closes above 105.80***:
Traders are advised to buy, placing stops below 98.02*.
# 3) Multiple closes above 107.87***:
Traders are advised to buy, placing stops below 102.24*.
# 4) Multiple closes above 109.75***:
Traders are advised to buy, placing stops below 103.90*.
# 5) Multiple closes above 111.72***:
Traders are advised to buy, placing stops below 105.80*.
Our objective is 112.41**.
# 6) Multiple closes below 92.76***:
Traders are advised to sell, placing stops above 98.02*.
# 7) Multiple closes below 90.50***:
Traders are advised to sell, placing stops above 96.87*.
# 8) Multiple closes below 88.85***:
Traders are advised to sell, placing stops above 95.40*.
# 9) Multiple closes below 87.41***:
Traders are advised to sell, placing stops above 94.38*.
# 10) Multiple closes below 84.69***:
Traders are advised to sell, placing stops above 92.95*.
Our objective is 83.22**.
* (Futures traders and their account executives are advised to discuss this suggested stop).
** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).
*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position and are advised to use resting stop orders.)
*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).
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CHART WATCH BY SCOTT R. JOSS (C.T.A)*
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Chart Watch includes products developing potential trade signals or chart patterns that have not yet fully developed - or may never develop.
During the course of the week or month it is not uncommon to find a trade signal that was previously not revealed when this newsletter was written.
Products that currently fit into this watch category are listed below and should be watched.
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APRIL GOLD (GCJ2)
The proposed trade risk for the April Gold next week is $17,250.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 1808.10***:
Traders are advised to buy, placing stops below 1635.80*.
# 2) Multiple closes above 1832.90***:
Traders are advised to buy, placing stops below 1673.30*.
# 3) Multiple closes above 1867.10***:
Traders are advised to buy, placing stops below 1711.80*.
# 4) Multiple closes above 1889.00***:
Traders are advised to buy, placing stops below 1769.70*.
# 5) Multiple closes above 1925.10***:
Traders are advised to buy, placing stops below 1808.00*.
Our objective is 2092.10**.
# 6) Multiple closes below 1523.80***:
Traders are advised to sell, placing stops above 1688.00*.
# 7) Multiple closes below 1507.20***:
Traders are advised to sell, placing stops above 1673.30*.
# 8) Multiple closes below 1478.30***:
Traders are advised to sell, placing stops above 1635.80*.
# 9) Multiple closes below 1462.50***:
Traders are advised to sell, placing stops above 1609.00*.
# 10) Multiple closes below 1410.10***:
Traders are advised to sell, placing stops above 1564.60*.
Our objective is 1243.40**.
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MARCH SOYBEANS (SH2)
Note: Traders previously short Soybeans from 1298.25 or lower and have not exited their trade are advised to place stops above 1244.25 and refer to trading modules below.
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The proposed trade risk for March Soybeans next week is $6,387.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 1290.00***:
Traders are advised to buy, placing stops below 1162.75*.
# 2) Multiple closes above 1308.00***:
Traders are advised to buy, placing stops below 1173.50*.
Our objective is 1338.25**.
# 3) Multiple closes above 1374.25***:
Traders are advised to buy, placing stops below 1204.00*.
# 4) Multiple closes above 1403.25***:
Traders are advised to buy, placing stops below 1219.00*.
# 5) Multiple closes above 1446.25***:
Traders are advised to buy, placing stops below 1244.75*.
Our objective is 1475.50**.
# 6) Multiple closes below 1100.25***:
Traders are advised to sell, placing stops above 1219.00*.
# 7) Multiple closes below 1094.25***:
Traders are advised to sell, placing stops above 1204.00*.
# 8) Multiple closes below 1078.50***:
Traders are advised to sell, placing stops above 1162.75*.
Our objective is 1064.00**.
# 9) Multiple closes below 1042.00***:
Traders are advised to sell, placing stops above 1150.00*.
# 10) Multiple closes below 1018.25***:
Traders are advised to sell, placing stops above 1104.50*.
Our objective is 990.00**.
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MARCH LUMBER (LBH2)
The proposed trade risk for March Lumber next week is $4,400.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Below are possible trading modules for futures traders to consider next week:
# 1) Multiple closes above 274.80***:
Traders are advised to buy, placing stops below 235.00*.
# 2) Multiple closes above 279.80***:
Traders are advised to buy, placing stops below 247.00*.
# 3) Multiple closes above 287.40***:
Traders are advised to buy, placing stops below 257.40*.
# 4) Multiple closes above 294.40***:
Traders are advised to buy, placing stops below 268.10*.
# 5) Multiple closes above 302.00***:
Traders are advised to buy, placing stops below 272.90*.
Our objective is 310.80**.
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MARCH US 30-YEAR BOND (USH2)
WHAT ARE TRADERS ADVISED TO DO?
Below are possible trading modules for futures traders to consider:
# 1) If the March 30-Year Bond does not post 134-18 or 146-14 by the close of business Tuesday January 31st:
Traders will be informed of trading modules in the Sunday, February 5th newsletter.
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MARCH SILVER (SIH2)
WHAT ARE TRADERS ADVISED TO DO?
Below are possible trading modules for futures traders to consider:
# 1) If March Silver does not post 26.140 or 33.745 by the close of business Tuesday January 31st:
Traders will be informed of trading modules in the Sunday, February 5th newsletter.
* (Futures traders and their account executives are advised to discuss this suggested stop).
** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).
*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position and are advised to use resting stop orders.)
*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).
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CURRENT TRADE SIGNALS FOR JANUARY:
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- EMINI S&P 500
- COPPER
- CRUDE OIL
- RBOB
- JAPANESE YEN
- CANADIAN DOLLAR
- US 30-YEAR BOND
- MINI NASDAQ 100
- GOLD
- ORANGE JUICE
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FUTURE WATCH
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Future watch will list developing trade signals to watch in January for February. By listing these products, traders can feed-forward with anticipation and focus - centering on products that will provide direction and hopefully, opportunity.
Traders are advised to begin studying the weekly, monthly, quarterly and yearly charts for the products listed below. Do not forget that between now and the end of the month, some or all of these products may be de-listed.
Potential trade signals for February will be revealed on the close of business January 31st.
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- SILVER
* (Futures traders and their account executives are advised to discuss this suggested stop).
** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).
*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position but and advised to use resting stop orders.)
*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).
Commodity/Futures and options trading involve substantial risk.
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The Joss Report was first published as a traders' commodity newsletter in 2000. Since that time, our research has continued to evolve into an important source of technical insight for many commodity brokers and futures traders
As a complete online futures broker, we also offer a FREE Subscription to the 'Joss Report' - a weekly trade advisor that includes proprietary trade recommendations and a comprehensive commodity newsletter. The Joss Report is prepared by ClearTrade's own technical analyst, Scott Joss*, a veteran futures trader with thirty years experience on and off the trading floor - as a technical analyst, pit trader, account executive handling arbitrage for Smith Barney, former member of the CBOT, non-member CTA and presently an IB.
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