It’s the final weekend before Uncle Sam comes to collect his dues. AND, I have just one thing to say to everyone who finds him/herself knee-deep in old receipts, cross-eyed from punching calculator keys – Think Happy Thoughts.
Here’s one: In the brand-new April 11 Monthly Futures Junctures, editor Jeffrey Kennedy does all the number crunching and itemized deducing for you. So, when it comes time to “file” for opportunity in the world’s leading commodity markets, Monthly Futures Junctures is light-years ahead.
To begin, MFJ kicks off with a very sweet “Featured” favorite segment on SUGAR. Here, Jeffrey presents comprehensive insight and SIX compelling charts to determine whether the recent sell-off will be a fleeting rest stop on the way to fresh new highs. In Jeffery’s own words, the wave pattern underway in sugar is “beautiful to behold.”
Next on the agenda is MFJ's Wave Watch section: A cornucopia of two mini charts per each of Jeffrey’s 12 “regular” markets – the ones he keeps his eye on all month long, looking for high-probability trade set-ups. Off the top are these familiar favorites:
Coffee Talk: Last year, the May 2007 MFJ provided a broad view of things past – and to come. Starting in 2004, our close-up then plotted the likely path of prices into the middle of 2008: a solid bottom would soon form, initiating a powerful third wave rally to multi-year highs. Since rocketing to its loftiest level in 10 years on February 28, the question now is: has coffee’s uptrend reached an end? MFJ serves its snapshot hot.
Cocoa: Strong Currency? On March 14, cocoa reversed from a 27-year peak AND didn’t stop falling until early April – at a two-month low. According to the mainstream experts, the sharp drop was due to a stronger U.S. dollar. Yet, during cocoa’s slide, the greenback was moving in BOTH directions. The April MFJ shows you the market’s next big move for what it really is.
Corn Is King: The “Featured Market” in the October 2006 MFJ was Corn. Prices stood at multi-year lows around $3.00 a bushel then. But MFJ saw that all of that was about to change: “... multi-year lows have finally arrived. The current advance should continue and eventually exceed the al- time price high that occurred in 1996.” With gains in this grain reaching new, all-time records, the April MFJ is a sweet harvest.
Soybeans Take A Spill: The February 14 MFJ foresaw a nearby end to rising prices, making way for a fourth wave decline. After surpassing our upside target, beans did in fact begin to drop, tumbling to a four-month low before pausing. Now, the April “Wave Watch” picture draws a line where the Fibonacci fourth wave retracement is reached.
Feeder Cattle Call: The “Wave Watch” close-up in the February 2008 MFJ left no room for debate: A bold arrow pointing DOWN was answer enough. Now, with Feeder Cattle prices herding around a new contract low, the April MFJ shows you where AND when the downtrend could end.
So, what are you waiting for? Put your W-2’s away and focus on the “easy”-7: The seven other commodity markets featured in the April Monthly Futures Junctures’ “Wave Watch.” Not to mention a deeply interesting “Trader’s Classroom” section in which Jeffrey defines the “Three Phases of Trader’s Education.”