WELCOME TO THE JOSS REPORT - WEEKLY TRADE ADVISOR

ClearTrade®
 Clearing Man Financial
The Joss Report trading recommendations and weekly trade advisor was first published in October 1998. Since that time, the Joss Report research has continued to evolve into an important source of technical insight for many traders. Our goal is to provide traders with a 'trading plan' to prepare for the trading day and week ahead.
ClearTrade's own technical analyst, Scott Joss*, is a veteran futures trader with twenty-eight 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. Scott prepares technical analysis in selected market groups when an opportunity presents itself and not only develops 'trading modules' on selected trading opportunities but 'feeds-forward', advising traders what to expect and how to react.
  At ClearTrade, we think it’s helpful to speak directly with traders who have requested The Joss Report research and may be interested in establishing an account with us. Understanding your trading needs and goals is important. And we think you should have an opportunity to get to know who we are and what we offer on a one to one basis.
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The Joss Report Archived Weekly Trade Advisor 2005

TECH TALK BY Scott R. Joss (Non member C.T.A)*

FEBRUARY GOLD (GC6G)

Six weeks ago I began developing several 'trading modules' for February Gold because of a daily and weekly recommendation.

On 11/14/05, February Gold posted a daily buy signal at 474.00.

On 11/16/05, February Gold posted a weekly buy signal at 478.30.

In addition, five weeks ago I informed traders that if February Gold posted a close at or above 486.00 by the close of business November 30, this would constitute an 'intra-month' buy signal and would suggest a continuation pattern conducive to higher prices.

On 11/30/05, February Gold posted a close at 498.70.

Next week I will begin developing several 'trading modules' for April Gold due to the fast approaching first notice day which is January 31st.

The ‘Commitment of Traders’ report for Gold  - published each Friday by the CFTC - indicated the net change in open interest last week increased by 5,409, posting a total open interest of 325,524  contracts.  
Gold is not for the inexperienced trader due to extreme volatility.

Traders are not to exceed the rule of thumb - 10% of equity to risk ratio.

If you do not fit this risk profile, traders are advised to consult their account executive for an option trading strategy or to use the Mini Gold contract.

Traders have the choice of using the C.B.O.T Gold contract, which is electronic, less margin and transparent. However, remember the C.B.O.T. is not fungible with the New York Gold contract.

Gold, due to extreme volatility, is not for the inexperienced trader.
 
Traders are not to exceed the rule of thumb - 10% of equity to risk ratio.
If you do not fit this risk profile, traders are advised to consult their account executive for an option trading strategy.
WHAT DOES THE FEBRUARY GOLD CHART LOOK LIKE?

February Gold has been in a multi-year price advance that began from lows of 255.00 (2/28/01) to recent highs of 543.00 (12/12/05).

Recently, February Gold had traded from highs of 543.00 to lows of 492.30 (12/21/05).

Currently, February Gold has traded from lows of 492.30 to highs on Friday of 541.80.

February Gold's 40-day moving average and 50-day moving average as of Friday were at 505.30 and 498.10, respectively.

February Gold closed Friday at 541.20 which is above its 100-day moving average of 481.10 and its 200-day moving average of 460.00.

February Gold has developed a bullish 'V' bottom that developed from the most recent price pullback to the recent price advance.

The upward trendline of the 'V' bottom began from recent lows of 492.30 through 524.00 lows and if touched today would intersect at 530.00.

If February Gold were to post multiple closes above contract highs at 543.00, this would suggest a continuation pattern that is conducive to higher prices.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Option traders who established bull call spreads are advised to continue to roll the short leg of the spreads as suggested in the Weekly Trade Advisor dated 12/04/05.

Aggressive Gold futures traders who exited their established long Gold positions at 530.90 or above on 12/13/05 were advised to reestablish their long futures positions on the daily buy signal posted on 1/03/05 above 519.60. 

Traders who purchased February Gold are advised to leave stops below 515.50 and traders who purchased April gold are advised to leave stops below 519.80.

Below are possible ‘trading modules’ for futures traders to consider next week:

# 1) If the February Gold first posts a higher high than last week's high of 541.80:

Aggressive futures traders are advised to wait for multiple closes above 543.00 before either adding to their existing long position or establishing a long position.

If February Gold posts multiple closes above 543.00, aggressive traders are advised to either add to their existing long position or establish a long position, placing all stops below 522.80*.

Option traders are advised to purchase April 540 - 580 bull call spreads, risking 70% of purchase price**.

Our next objective will be a challenge of 545.50 (4/30/81).

# 2) If the February Gold posts multiple closes above 566.00:

Aggressive futures traders are advised to either add to their existing long position or establish a long position, placing all stops below 543.00*.

Option traders are advised to purchase April 560 - 600 bull call spreads, risking 70% of purchase price**.

Our next objective will be a challenge of 612.00 (1/31/81).

# 3) If the February Gold posts multiple closes above 627.00:

Aggressive futures traders are advised to either add to their existing long position or establish a long position, placing all stops below 554.00.*

Option traders are advised to purchase April 630 - 670 bull call spreads, risking 70% of purchase price.** 

Our next objective will be a challenge of 658.00 (12/31/80).

# 4) If the February Gold posts multiple closes above 708.50:

Aggressive futures traders are advised to not add to their existing long position or establish a long position; traders are advised to let the market do the work for them. However, traders are advised to move all stops below 658.00*.

Option traders are advised to not purchase bull call spreads; traders are advised to let the market do the work for them or liquidate in the money bull call spreads.

Our next objective will be 723.20.

# 5) If the February Gold posts multiple closes above 742.50:

Aggressive futures traders are advised to not add to their existing long position or establish a long position; traders are advised to let the market do the work for them. However, traders are advised to move all stops below 708.50*.

Option traders are advised to not purchase bull call spreads; traders are advised to let the market do the work for them or liquidate in the money bull call spreads.

# 6) If February Gold first posts a price pullback to support at 530.00:

Aggressive futures traders are advised to either add to their existing long position or establish a long position, placing stops for this position below 515.50*.

Option traders are advised to purchase April 530 - 570 bull call spreads, risking 70% of purchase price**.

Our next objective will be a challenge of last week's high of 541.80.

Below are possible reversal ‘trading modules’ to consider next week:

# 7) If February Gold first posts a higher high than last week's high of 541.80 and a higher high than last month's/year's high of 543.00 yet reverses, posting a lower low than last week’s low of 522.80:

Aggressive futures traders are not advised to add to their existing long position or establish a short position but are advised to leave stops below 515.50*.

Options traders are not advised to purchase any spreads but are to prepare to exit their established April bull calls spreads if either February Gold posts a close at or below 507.30or 70% of the current purchased price of the bull call spreads is reached**.

# 8) If February Gold first posts a lower low than last week's low of 522.80 yet reverses, posting a higher high than last week’s high of 541.80:

Aggressive futures traders are advised to place resting buy stop orders at 543.10.

If the resting buy stop order at 543.10is activated, aggressive traders will have either added to their existing long position or established a long position.

If 543.10is posted, aggressive traders are advised to place all stops below 522.80*.

Options traders are advised to prepare to purchase April 540 - 580 bull call spreads.

If 543.10is posted, option traders are advised to purchase April 540 - 580 bull call spreads, risking 70% of purchase price**.

Our objective will be a challenge of 545.50 (4/30/81).

I have compiled some Gold option facts:

Gold options for a two-year ‘implied volatility’ average are ranked number 1 out of 45.

1) Gold (GC) High 20.92% - Low 10.31% - Current 20.65%.

Gold options for a one-year ‘implied volatility’ average are ranked number 2 out of 45.

2) Gold (GC) High 20.92% - Low 10.31% - 20.65%.

Gold options for a six-month ‘implied volatility’ average are ranked number 2 out of 45.

2) Gold (GC) High 20.92%- Low 10.31% - 20.65%.

Options are expensive.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?GO06G
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?GO

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Option traders and their account executives are advised to discuss the suggested risk).
----------------------------------------------------

MARCH CRUDE OIL (CL6H)

This week I will develop 'trading modules' for March Crude Oil because of the fast approaching last trading day (1/20/06) for the February Crude Oil contract.

Traders who have established long positions in the February Crude contract may decide to remain in the spot month for another week but are advised to begin rolling their positions to March Crude.

March Crude Oil had been in an eight-week price decline that began from highs of 70.70 (9/01/05) to lows of 57.50 (11/30/05).

Currently, March Crude Oil has been in a 10-day price advance from lows of 57.95 to highs posted Friday at 65.20.
The ‘Commitment of Traders’ report - published each Friday by the CFTC - indicated that the net change in open interest last week increased by 31,027 , posting a total open interest of   849,868  contracts.  
WHAT DOES THE MARCH CRUDE OIL CHART LOOK LIKE?
March Crude Oil has been in a multi-year price advance which began from lows of 24.27 (9/02/03) to recent highs of 70.70 (9/01/05).
March Crude Oil began its current price advance from lows posted on 11/18/05 and 11/30/05 at 57.50 to recent highs of 65.20 (1/06/06).
March Crude Oil may have posted a bullish spread 'double bottom' at 57.50.
Confirmation of a possible spread 'double bottom' would be multiple closes above 63.45.
March Crude Oil may also have developed a bullish 'W' formation.
The left side of the 'W' formation developed between highs of 63.75 to lows of 57.50.
The middle of the 'W' formed between lows of 57.50 and highs of 63.45.
The right side of the 'W' formation began from lows of 57.95 and posted a close above the middle of the 'W' (63.45) on 1/03/06.
If this was a bullish 'W' formation, our objective would be 69.40.
March Crude Oil has two unfilled price gaps above the current market price. The first unfilled price gap is between 65.25 and 66.00. The second unfilled price gap is between 69.00 and 69.14. 
 March Crude Oil has several unfilled price gaps below the current market price. The most recent unfilled price gap is between 62.00 and 62.50. The second unfilled price gap below the current market price is between 58.75 and 58.90.
For seven days March Crude has closed above its 40-day moving average at 60.44 and five days has closed above its 50-day moving average - which as of Friday was at 60.99.
March Crude Oil closed Friday at 64.97, which is above its 100-day moving average of 63.35 and its 200-day moving average of 60.46.
Listed below are the original trade signals that March Crude Oil has recently posted:
On 11/18/05 and 11/30/05, March Crude posted a potential spread 'double bottom' at 57.50.
On 12/28/05, March Crude posted an 'intra-week' buy signal at 59.91.
On 1/03/06, March Crude posted a monthly buy signal at 63.46.
On 1/03/05, March Crude posted a close above the middle of the potential 'W' formation at 63.45.
Crude Oil, due to extreme volatility, is not for the inexperienced trader.
Traders are not to exceed the rule of thumb - 10% of equity to risk ratio.
If you do not fit this risk profile, traders are advised to consult their account executive for an option trading strategy or are advised to use the Mini Crude Oil contract as their trading vehicle.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Aggressive traders who established long positions at the 'intra-week' buy signal at 59.91 are advised to move their stops below 60.44*.
Aggressive traders who either added to their existing long positions or established a long position at the monthly buy signal of 63.46 are advised to move stops for this position below 60.44*.
Below are possible ‘trading modules’ for futures traders to consider next week:

# 1) If March Crude Oil first posts a higher high than last week's high of 65.21:

Aggressive traders are advised to either add to their established long position or establish a long position, placing stops for this position only below 62.50*.

# 2) If March Crude Oil posts a close over 68.45:

Aggressive traders are not advised to add to their existing long position or establish a long position.

Aggressive traders are advised to move all stops below 65.20*.

Our objective will be 69.40.

# 3) If March Crude posts multiple closes above 69.45:

Aggressive traders are not advised to either add to their existing long position or establish a long position.

Aggressive traders are advised to move all stops below 66.00.

Our objective will be an all out assault on contract highs of 70.70.

# 4) If March Crude posts multiple closes above 70.70:

Aggressive traders are advised to either add to their existing long position or establish a long position, placing all stops below 68.45*.

Our long-term objective will be 83.90.

#5) If March Crude first posts a lower low than last week's low of 62.50:

Aggressive traders are advised to leave their stops in place as recommended above.

# 6) If March Crude fills the unfilled price gap below the current market price between 62.00 and 62.50:

Aggressive traders are advised to prepare for a possible price failure.

Below are possible reversal ‘trading modules’ to consider next week:

# 7) If March Crude first posts a higher high than last week's high of 65.20 yet reverses, posting a lower low than last week’s low of 62.50:

Aggressive futures traders are advised to exit their established long positions and place resting buy stop orders at 65.21.

If the resting buy stop order at 65.21 is activated, aggressive traders will reestablish their long positions.

If 65.21 is posted, aggressive traders are advised to place stops for the reestablished long positions below 63.45*.

# 8) If March Crude first posts a lower low than last week's low of 62.50, not filling the gap at 62.00, yet reverses, posting a higher high than last week's high of 65.20:

Aggressive traders are advised to place resting buy stop orders at 65.21.

If the resting buy stop order at 65.21 is activated, aggressive traders will either add to their existing long position or establish a long position.

If 65.21 is posted, aggressive traders are advised to place all stops below 63.45*.

Below are possible monthly reversal ‘trading modules’ to consider:

# 9) If March Crude posts a monthly close at or below 57.95:

Aggressive traders will have liquidated their long positions and are advised to establish a short position, placing stops above 60.46*.

Our first objective will be an all out assault on contract lows at 57.50.
 
I have compiled some Crude Oil option facts for traders:

Crude options for a two-year ‘implied volatility’ average are ranked number 29 out of 45.

29) Crude (CL) High 44.71% - Low 27.07% - Current 29.74%.

Crude options for a one-year ‘implied volatility’ average are ranked number 44 out of 45.

44) Crude (CL) High 41.54% - Low 29.74% - 29.74%.

Crude options for a six-month ‘implied volatility’ average are ranked number 43 out of 45.

43) Crude (CL) High 40.11% - Low 18.90% - 32.75%.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?CL06H
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?CL

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Option traders and their account executives are advised to discuss the suggested risk).

----------------------------------------------------

MARCH EURO-CURRENCY (FX) (EC6H)

This week I will develop 'trading modules' for March Euro-Currency because of a monthly buy signal that was posted at 1.2123.

March Euro-Currency had been in a five-week price decline that began from highs of 1.2691 (9/02/05) to lows of 1.1719 (11/15/05).

Currently, March Euro-Currency has been in a five-day price advance from lows of 1.1825 to highs posted Friday at 1.2227.
The ‘Commitment of Traders’ report - published each Friday by the CFTC - indicated that the net change in open interest last week increased by 6,868 , posting a total open interest of 119,238 contracts.  
WHAT DOES THE MARCH EURO-CURRENCYCHART LOOK LIKE?
March Euro-Currency has been in a multi-year price decline which began from highs of 1.3780 (12/30/04) to recent lows of 1.1719 (11/15/05).
March Euro-Currency began its current price advance from lows posted at 1.1719 (11/15/05) and 1.1720 (11/17/05) to recent highs of 1.2227 (1/06/06).
March Euro-Currency may have posted a bullish spread 'double bottom' at the 1.1719 - 1.1720 price level.
Confirmation of a possible spread 'double bottom' would be multiple closes above 1.2122.

The March Euro-Currency has multiple unfilled price gaps above the current market price. The most recent unfilled price gap is between 1.2477 and 1.2500.

The March Euro-Currency has two unfilled price gaps below the current market price. The first unfilled price gap is between 1.1961 and 1.1962. The second unfilled price gap is between 1.1875 and 1.1876.   
  
For four days the March Euro-Currency has closed above its 40-day moving average and 50-day moving average - which as of Friday was at was at 1.1905 and 1.1936, respectively.
The March Euro-Currency closed Friday at 1.2203 - which is above its 100-day moving average of 1.2106 yet below its 200-day moving average of 1.2365.
On the weekly Euro-Currency chart there is a longer-term possibility of a bearish 'head and shoulders' top forming. Over the next three to four months it will be important to monitor this potential development. Resistance will be at the 1.2595 level.
Listed below are the original trade signals that the March Euro-Currency has recently posted:
On 11/15/06 and 11/17/05, the March Euro-Currency posted a potential spread 'double bottom' at 1.1719 and 1.1720, respectively.
On 12/12/05, the March Euro-Currency posted a weekly buy signal at 1.1912.
On 12/30/05, the March Euro-Currency posted a weekly sell signal at 1.1853.
On 1/04/06, the March Euro-Currency posted a monthly buy signal at 1.2123.
On 1/06/05, the March Euro-Currency posted a daily buy signal at 1.2167.
The March Euro-Currency, due to extreme volatility, is not for the inexperienced trader.
Traders are not to exceed the rule of thumb - 10% of equity to risk ratio.
If you do not fit this risk profile, traders are advised to consult their account executive for an option trading strategy.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Aggressive traders who established long positions at the 'monthly' buy signal at 1.2123 are advised to move their stops below 1.2061*.
Aggressive traders who either added to their existing long positions or established a long position at the daily  buy signal at 1.2167 are advised to move their stops for this position below 1.2070*.
Below are possible ‘trading modules’ for futures traders to consider next week:

# 1) If the March Euro-Currency first posts a higher high than last week's high of 1.2227:

Aggressive traders are advised to wait for multiple closes above 1.2263 to either add to their established long position or establish a long position.

# 2) If the March Euro-Currency posts multiple closes over 1.2263:

Aggressive traders are advised to either add to their established long position or establish a long position, placing stops for this position only below 1.2227*.

Aggressive traders are advised to move all stops below 1.2122*.

Our objective will be to challenge old highs at 1.2311 and the 200-day moving average.

# 3) If the March Euro-Currency posts multiple closes above the 200-day moving average:

Aggressive traders are advised to either add to their established long position or establish a long position, placing stops for this position only below 1.2311*.

Aggressive traders are advised to move all stops below 1.2263*.

Our objective will be the unfilled price gap between 1.2477 and 1.2500.
 
#4) If the March Euro-Currency first posts a lower low than last week's low of 1.1857:

Aggressive traders will have liquidated their long positions and are advised to prepare for a potential price failure.

Below are possible reversal ‘trading modules’ to consider next week:

# 5) If the March Euro-Currency first posts a higher high than last week's high of 1.2227 yet reverses, posting a lower low than last week’s low of 1.1857:

Aggressive futures traders will have liquidated their established long positions and are advised to prepare for a possible price failure.
In addition, traders are advised to place resting buy stop orders at 1.2228.

If the resting buy stop order at 1.2228 is activated, aggressive traders will reestablish their long positions.

If 1.2228 is posted, aggressive traders are advised to place stops for the reestablished long positions below 1.2122*.

# 6) If the March Euro-Currency first posts a lower low than last week's low of 1.1857 yet reverses, posting a higher high than last week's high of 1.2227:

Aggressive traders will have liquidated their established long positions and are advised to place resting buy stop orders at 1.2227 to reestablish their long positions.

If the resting buy stop order at 1.2227 is activated, aggressive traders will reestablish their long position.

If 1.2227 is posted, aggressive traders are advised to place all stops below 1.2122*.

Below are possible monthly reversal ‘trading modules’ to consider:

# 7) If the March Euro-Currency posts a monthly close at or below 1.1726:

Aggressive traders will have liquidated their long positions and are advised to establish a short position, placing stops above 1.1857*.

Our first objective will be an all out assault on contract lows at 1.1719.

I have compiled some Euro-Currency option facts for traders:

Euro options for a two-year ‘implied volatility’ average are ranked number 21 out of 45.

21) Euro (EC) High 13.02% - Low 8.01% - Current 9.17%.

Euro options for a one-year ‘implied volatility’ average are ranked number 8 out of 45.

8) Euro (EC) High 10.03% - Low 8.01% - 9.17%.

Euro options for a six-month ‘implied volatility’ average are ranked number 7 out of 45.

7) Euro (EC) High 9.53% - Low 8.01% - 9.17%. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?EC06H
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?EC

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Option traders and their account executives are advised to discuss the suggested risk).

----------------------------------------------------

MARCH DOW JONES (DJ6H)

This week I will develop 'trading modules' for March Dow Jones because of an 'intra-week' buy signal at 10986 and monthly buy signal that was posted at 11001.

The March Dow Jones had been in a five-week price decline that began from highs of 1.2691 (9/02/05) to lows of 1.1719 (11/15/05).

Currently, the Dow Jones has been in a five-week price advance from lows of 10257 to highs of 11027.
 
The ‘Commitment of Traders’ report - published each Friday by the CFTC - indicated that the net change in open interest last week decreased by -509 , posting a total open interest of 37,453 contracts.  

I must let traders know that the trade signals I've listed below look about perfect for a further price advance...However, the charts have also indicated some negative 'feedback.'
The most negative is that each trade signal posted since January 3rd were all 'intra-day', 'intra-week' and 'intra-month' buy signals. This indicates a counter-trend that may be a bull trap. So let's be careful and not fall asleep on this one. 
WHAT DOES THE MARCH DOW JONESCHART LOOK LIKE?
The March Dow Jones has been in a multi-year price advance, which began from lows of 7180 (10/11/02) to recent highs of 11027 (11/28/05).
The March Dow Jones began its current price advance from lows posted at 10257 (10/13/05) to recent highs of 11027.
Currently, the March Dow Jones has been in an eleven-week trading range between lows of 10715 and highs of 11027.
Until the Dow can post multiple closes above 11027 or multiple closes below 10715, the Dow Jones may be in a price consolidation coiling for an eventual explosive breakout.

The March Dow has no unfilled price gaps above the current market price.

The March Dow has several unfilled price gaps below the current market price.  The most recent unfilled price gap is between 10775 and 10780. The next unfilled price gap is between 10707 and 10715.     

For four days the March Dow has closed above its 40-day moving average and 50-day moving average - which as of Friday was at was at 10873 and 10799, respectively.

The March Dow closed Friday at 10998 which is above its 100-day moving average of 10665 and its 200-day moving average of 10799.
The March Dow's high in 2006 is at 11015 and last year's high was 11027. 
Listed below are the original trade signals that the March Dow has recently posted:
On 1/03/06, the March Dow posted an 'intra-day' buy signal at 10806.
On 1/06/06, the March Dow posted an 'intra- week' buy signal at 10986.
On 1/06/06, the March Dow posted an 'intra-month' buy signal at 11001.
The March Dow, due to extreme volatility, is not for the inexperienced trader.  
Traders are not to exceed the rule of thumb - 10% of equity to risk ratio.
If you do not fit this risk profile, traders are advised to use the Mini Dow Jones contract as their trading vehicle.
WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?
Aggressive traders who established long positions at the 'intra-day' buy signal at 10806 are advised to move  their stops below 10815*.
Aggressive traders who either added to their existing long positions or established a long position at the 'intra-week' buy signal at 10986 are advised to move their stops for this position below 10868*.
Aggressive traders who either added to their existing long positions or established a long position at the 'intra-month' buy signal at 11001 are advised to move their stops for this position below 10873*.
 Below are possible monthly and weekly reversal ‘trading modules’ to consider:
 
# 1) If the March Dow first posts a higher high than last week's high of 11015:

Aggressive traders are advised to wait for multiple closes and a weekly close above 11027 to either add to their established long position or establish a long position.

# 2) If the March Dow posts multiple closes and weekly closes above 11027:

Aggressive traders are advised to either add to their established long position or establish a long position, placing stops for this position only below 10985*.

Aggressive traders are advised to move all stops below 10909*.

Our objective will be 11310.

#3) If the March Dow first fills the unfilled price gap below the current market price between 10775 and 10780:

Aggressive traders will have liquidated their long positions and are advised to prepare for a potential price failure.

Below are possible monthly and weekly reversal ‘trading modules’ to consider:

# 4) If the March Dow posts a lower low than last month's low of 10730 and a closes below 10720:

Aggressive traders will have liquidated their long positions and are advised to establish a short position, placing stops above 10790*.

Our first objective will be the unfilled price gap between 10707 and 10715.

# 5) If the March Dow fills the gap at 10707 and posts multiple closes below 10650:

Aggressive traders are advised to either add to their existing short position or establish a short position, placing all stops above 10730.

Our objective will be 10425.

I have compiled some Dow option facts for traders:

Dow options for a two-year ‘implied volatility’ average are ranked number 44 out of 45.

44) Dow(DJ) High 18.17% - Low 9.84% - Current 9.85%.

Dow options for a one-year ‘implied volatility’ average are ranked number 43 out of 45.

43) Dow(DJ) High 14.60%- Low 9.84%- 9.85%.

Dow options for a six-month ‘implied volatility’ average are ranked number 46 out of 45.

46) Dow(DJ) High 14.60%- Low 9.84%- 9.85%.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?DJ06H
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?DJ

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Option traders and their account executives are advised to discuss the suggested risk).

 

CHART WATCH by Scott R. Joss (Non member C.T.A)*

 

Readers and clients call during the week and ask: What are you watching?

Watching can mean that the markets are developing a 'recommendation' or a chart pattern that has not yet fully developed - or may never develop.

During the course of the week or month it is not uncommon to find an `intra-day, intra-week or intra-month' recommendation 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.'

 

 - NO CHART WATCH THIS WEEK

CURRENT 'MONTHLY' RECOMMENDATIONS FOR OCTOBER:

 - MARCH DOW JONES

- CRUDE OIL

- EURO-CURRENCY (FX)

- SWISS FRANC

FUTURE WATCH

 Future watch will list developing 'monthly' recommendations 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 should begin studying the 'daily', 'weekly' and 'monthly' charts for the products listed below. Don't forget between now and the end of the month, some or all of these products may be de-listed.

'Monthly' recommendations will be revealed on the close of business January 31st and sent via email for February.

 

JUNE U.S. 30-YEAR BOND (US6M)

March Bonds are developing a possible monthly recommendation for February.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?US06M
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?US

---------------------------

MAY OATS (OK6)

May Oats are developing a possible monthly recommendation for February.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?O06K
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?O

---------------------------

MAY SOYBEAN MEAL (SMK6)

May Soybean Meal is developing a possible monthly recommendation for February.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?SM06K
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?SM

---------------------------

JULY SILVER (SIN6)

July Silver is developing a possible monthly recommendation for February.

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?SV06N
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?SV

---------------------------

APRIL GOLD (GCJ6)

April Gold is developing a possible monthly recommendation for February. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?GO06J
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?GO

---------------------------

MARCH HEATING OIL (HOH6)

March Heating Oil is developing a possible monthly recommendation for February. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?HO06H
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?HO

---------------------------

MAY ORANGE JUICE (OJK6)

May Orange Juice is developing a possible monthly recommendation for February. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?OJ06K
-----------------
WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?OJ

---------------------------

MAY FEEDER CATTLE (FCK6)

May Feeder Cattle is developing a possible monthly recommendation for February. 

WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?FC

---------------------------

APRIL LEAN HOGS (LHJ6)

April Lean Hogs are developing a possible monthly recommendation for February. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?LH06J
-----------------
 WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?LH

---------------------------

MARCH PORK BELLIES (PBH6)

March Pork Bellies are developing a possible monthly recommendation for February. 

DAILY CHART:
http://www.bohl.minot.com/d_Chart.cgi?PB06H
-----------------
 WEEKLY CHART:
http://www.bohl.minot.com/w_Chart.cgi?PB

---------------------------

JUNE CANADIAN DOLLAR (CDM6)

June Canadian Dollar is developing a possible monthly recommendation for February. 

 WEEKLY CHART:
http://www.bohlish.com/w_Chart.cgi?CD

---------------------------

JUNE BRITISH POUND (BPM6)

June British Pound is developing a possible monthly recommendation for February. 

 WEEKLY CHART:
http://www.bohlish.com/w_Chart.cgi?BP

 

 

NOTE:

If you do not completely understand this information, you are advised to take NO action until speaking with your Account Executive.

ClearTrade®, Inc. may be reached at 800-493-4444

* The Joss Report trade recommendations and weekly trade advisor is prepared by Scott Joss, Non- Member C.T.A.

Scott Joss is a 'non member' CTA and is providing the Joss Report weekly trading advisor and trade recommendations to ClearTrade®, Inc. clients. Scott Joss 'is a principal' of ClearTrade, Inc. and 'is a registered IB member' with the NFA.

ClearTrade®, Inc.
5415 N. Sheridan Rd.
Suite 2104
Chicago, IL 60640

(800) 493-4444
(773) 561-9777 Voice
(773) 561-9775 Fax

 

Mailto:research@cleartrade.com 
http://www.cleartrade.com/ 

DISCLAIMER:

* COMING EVENTS AND DATA RELEASES:

Calendar provided by Briefing.com, Inc. Data is provided for informational purposes only, and is not intended for trading purposes. Neither ClearTrade, Inc. nor any of its data or content providers (such as Reuters, CSI, and Briefing.com) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Market recommendations are strictly the opinion of the writer and are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve substantial risk. In no event should the content of a market letter be construed as a promise that you will profit or that losses can or will be limited in any manner whatsoever.

Unless otherwise indicated, the links presented in this publication/newsletter are in no way affiliated with ClearTrade, Inc. Likewise, sites linked through ClearTrade's Joss Report weekly trade advisor newsletter are not necessarily connected with ClearTrade, nor do any such links imply an endorsement by either party.

ClearTrade®, Inc. does not necessarily promote or endorse the services or publications described herein. Unless otherwise indicated, ClearTrade Inc. has had no role in the production or review of these products or services and makes no warranty, either expressed or implied, as to their contents, accuracy or performance.  
====================================

REPRODUCTION OR REBROADCAST OF ANY PORTION OF THIS INFORMATION IS STRICTLY PROHIBITED WITHOUT THE WRITTEN PERMISSION OF S.R. JOSS INC./CLEARTRADE®, INC.

The contents of this newsletter are copyright 1997-2005, Scott R. Joss/S.R. Joss Inc./ClearTrade®, Inc. *TM. All Rights Reserved.

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