Commodities Essential - October 19, 2011

Alert: commodities looking heavy.


Let’s tighten our stop-loss on JJC and CORN…


 


The commodities seem to be trading heavy, struggling to hang on to gains. Let’s tighten our stop-loss on JJC and CORN to lock in most of our open gains in case the bottom falls out of the market here.  


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Trade Essentials. 


JJC (Last price: $41.96)


 


CANCEL and REPLACE your order to SELL ALL your shares of iPath DJ UBS Copper TR Fund, symbol JJC, at $38.90, STOP. New Price: $41.50, STOP; this order is good till cancelled. 


CORN (Last price: $42.76)


 


CANCEL and REPLACE your order to SELL ALL your shares of Teucrium Corn Fund, symbol CORN, at $37.65, STOP. New Price: $42.20, STOP; this order is good till cancelled. 


 


And stay tuned — I am considering a new position, going short, that my make sense to add later today or tomorrow.