On the Radar

I will consider going long Natural Gas Sunday night (April 22 contract).

It could be argued that silver made a failed H&S bottom. It flashed a sell single Friday at close. However, I am a long term silver bull and will probably not take this sell signal.

Corn made a H&S bottom on the continuation chart. I am already long the September 22 contract. Corns strong closing into Friday is very constructive considering the asset sell off that occurred.

The Nikkei 225 is forming a rectangle. I will consider a long position on a breakout.

Copper is also forming a rectangle. I will consider a long position on the break out.

A market I wish I was long is live cattle. I considered going long Friday but the asset sell off suggested it was best to wait. I do not know if I will get a chance to go long. I will consider a long position with a pull back to the 140 level.

I am still very bearish on Soybean Oil. It appears to be making a massive top. I will consider a short position with a break below the 55 level.

US Stocks
Scrolling through my watch list, I did not see one US stock that looked like an attractive buy. The market seems to be over reacting to a wave of possible lock downs to come. Personally, I do not think another lock down will come in the US. If another panic selling occurs like March 2019, I will view it as a good buying opportunity. There is nothing that indicates a 2008 credit crunch is on the horizon.