Call me crazy, but I'd much rather ride out a market trend right from the beginning than when it's over or nearly so. Question is, how does one nab a ticket for the first "trip," and not the other?
The short answer: Be careful relying on the market's "fundamentals."
Take the soybean market, for instance. Back in early October, soybean prices were sagging to a six-month low. And, according to the mainstream experts, the bearish backdrop wasn't going away any time soon. On this, the following October 9 news item sets the pace:
"Record Harvest Pressures Soybean Prices... The US Department of Agriculture raised its output forecast to a new record. For the next few weeks, the prospective size of the US harvest will be one of the dominating price factors." (AP)
Problem is: In the weeks that followed, soybean prices embarked on a powerful rally to their loftiest level in six months.
As for boarding the soybean rally from the very start -- here, EWI's chief commodity analyst and Futures Junctures Service editor Jeffrey Kennedy stands apart. In the October 6 Daily Futures Junctures, Jeffery observed that soybeans were at an "interesting juncture" where prices could go either way. To tip the scale in favor of the bulls, however, clear and decisive price action would have to occur, and soon. There, Jeffrey presented the following close-up of the grain market to illustrate the alternate bullish labeling:
"The price evidence we needed to confirm the bullish labeling now exists. With supporting price action in place, odds now favor that recent strength is a new wave up that will likely push prices" much higher.
So -- is the bull train in soybeans set to continue full steam ahead? Well, in the December 2 Daily Futures Junctures, Jeffrey reveals exactly why "the next few trading days are important." Get the story today, risk-free.