A few more charts that I have under consideration.
The Russell2K looks to be making a bottom.
In fact, a lot of US stocks show signs of a temporary bottom. Even though I am bearish on US stocks, I trade my plan not my opinion. I will consider a long position on a break out to the upside of 1950.
The Real is about to breakout to the upside. I am waiting for a daily close above 0.2 before considering going long.
Silver is forming a small rectangle. Over the past 2 years my record trading silver has not been very good. It seems that it breaks out, goes back to hit my stops, then goes on to reach its target. I will take a small long position with a close above 25. I will keep this position small with wider stops this time.
My favorite setup has to be the Soybean Meal (July contract). After a breakout, it is forming a rectangle of about 8-12 weeks. I am tempted to actually preemptive go long with a test of the lower boundary. I will be looking to go long with a break above 462.
I rarely go bottom hunting, but Natural Gas is much closer to a bottom than a top. I will monitor for a good spot to go long. I have done extremely well trading natural gas over the past 5 years or so. When a commodity gets closer to zero, the risk/reward setup becomes favorable.
