Does it have a Cycle?  Talk about catching a falling knife…

Wheat (WEAT) has been in just a brutal 9 year Bear Market as my first long term weekly chart clearly shows.

So why am I posting on it?  WEAT has broken out of a 6 month downtrend within the context of the 9 year Bear Market.  I picked up a small starter position last week based on my second chart but I plan to keep a tight stop on it.

 


Comments

Wheat? — 2 Comments

  1. I’ve been watching this one also, being very patient. Where would you set your stop?

    Also, do you trade Uranium? Same scenario? Bear market may be ended, bottom in?
    I’ve profited a bit on a couple trades (FCU.TO) over the past 2 months but now I’ve taken a good size investing position (always using a stop loss just in case.)
    Coffee may be heading lower if SM rally from here?
    I noted a few weeks back that you mentioned having a position in SJT? (is that a long term investment or do you jump in and out because I see the stock does fluctuate quite a bit).

    Thanks

Leave a Reply