Wade Assurance
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • 2020 Trade Performance
    • About
  • Disclaimer
  • Subscribe

What Next?

1/8/2020

Comments

 
Since I posted a couple days ago, it feels like a couple weeks have past.  This trading into trade wars, missile attacks, tweet storms, impeachment proceedings, etc. has really gotten old.  The counter attack by the Iranians last night turned out to be nothing but it cost us some trading capital.  This is not normal.  We either need to quit trading or assume this is behind us.  In between all the chaos most of us have actually made s lot of money.

A couple nights ago, I posted how I felt about gold.  If you have forgotten, then you should go back and re-read because we are back in the same place we were when I wrote it.  The price of gold (POG) and the 10 DMA are converging just as I thought that it would.  We need to be thinking about buying once this happens.
Picture
Don't forget that Moore's has a buy date of January 7 to buy gold.  Moore's says that gold purchased January 7 and held to February 1 has been successful 13 of the last 15 years.
Picture

Energy

I had mentioned to a couple people that I thought we would be able to trade some oil an gasoline soon.  This is based on some impressive dates by Moore's Research to buy in mid January and hold through late March.
Picture
Despite these impressive dates, I just don't believe that this is a good time to buy energy commodities.  They are still technically overbought.  I think it may take several weeks for this to correct to the point where I will feel comfortable recommending it.  
Picture
I just cannot bring myself to recommend buying stocks right now, and because stocks are so strong I cannot recommend buying bonds right now either.  Oil and gasoline are still too high.  Don't be surprised if Friday or Monday you are getting a buy recommendation over WhatsApp.
Comments
comments powered by Disqus

    This Page

    The Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market.  All trade recommendations are made in "The Pit".  This is also a blog page where you can ask questions, post your thoughts, or ask for help.  Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email.

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    December 2017
    November 2017
    October 2017

    RSS Feed

Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
CONTACT US
Steve Wade
swade@wadeassurance.com
​
Tyler Wade
​twade@wadeassurance.com
Picture
270-234-6074
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • 2020 Trade Performance
    • About
  • Disclaimer
  • Subscribe