Platinum is roaring today, and palladium, though down a bit today, has been on a tear. Crude is down a bit, tough the news from PetroChina has to be bullish longer term. Live hogs have seemed to form a base for another move up. Feed is cheap with South American beans in glut. Cattle is at yearly highs, so watch out for the other white meat.
On the trading vs. long term trend debate, my answer is yes. Playing the long term trends makes sense, but if you have the time, you can add to your return/lower your risk by trimming/adding on the short term moves. The key to being able to last the blips is to never use max margin. Also, the mini contracts help in this area. If you can't afford the variance on a $5000 silver mini contract, then, to be blunt, you aren't ready for futures yet. And, if you can't afford it emotionally, ditto. It's a good place to learn your chops. |
