Steel- Capitulation or More Pain Ahead?

Good Morning. Futures are off slightly as we await the blah blah from the Fed minutes. Let me guess, we are going to keep rates low and use everything in our arsenal to prevent Armageddon.

Let''s see how long this non existent volume rally continues. Folks are getting way to giddy and complacent for my taste. See you on twitter.

Commodities With a Vengeance

I was long three stocks and short one today and it was extremely profitable. You could have bought oil,ags.,gas, steel, they all worked, I chose steel. Many of you have requested more info on how I trade on the 20 day moving average using the 5 minute chart. I have done my yellow arrow "thingy" for you to study. I was lucky enough to have caught these at the very lows of the day, the purposes of the arrows is to help illustrate later entries you could have taken through out the day in case you miss the first couple of moves.

In the case of SMN it shows how the pattern can work on the short side.