(Total Views: 566)
Posted On: 01/22/2018 5:30:48 PM
Post# of 126865
$RJA looking good>>>
In my own opinion is that Trump's tax cuts will cause inflation. Unemployment, just came in super low(if one can believe it), thus an over heated economy coming? The dollar looks low on the one year chart, but not the five year. A debt crisis like 2008 and inflation won't matter.
https://www.finviz.com/futures_charts.ashx?t=DX&p=w1
Second, I look hard at charts, then look at the fundies. RJA's volume the last 3 days tells me a story. Thursday it had more volume than the average month. Joe average did not do that. As I recall, it was like 5 or 6 big trades. It it gets above $6.15 on the close, a buy, IMO
http://stockcharts.com/h-sc/ui?s=RJA&p=D&...4882488033
Third, I follow the weather like a hawk. California is the key. The last big drought at the start of this decade spread into the plains causing grain prices to soar. RJA is heavily into just soy, wheat and corn. California is having well below average rain since October 1st., including almost nothing in December, and January looks a bit below the monthly normal as well. A big plus for RJA, so far. But big rains in February, March and APril could change that either way. The US Drought Monitor map is not looking good. Nebraska got some relief today. But look drys til the end of the month.
http://droughtmonitor.unl.edu/
https://www.wunderground.com/forecast/us/ne/o...alwx_10day
In my own opinion is that Trump's tax cuts will cause inflation. Unemployment, just came in super low(if one can believe it), thus an over heated economy coming? The dollar looks low on the one year chart, but not the five year. A debt crisis like 2008 and inflation won't matter.
https://www.finviz.com/futures_charts.ashx?t=DX&p=w1
Second, I look hard at charts, then look at the fundies. RJA's volume the last 3 days tells me a story. Thursday it had more volume than the average month. Joe average did not do that. As I recall, it was like 5 or 6 big trades. It it gets above $6.15 on the close, a buy, IMO
http://stockcharts.com/h-sc/ui?s=RJA&p=D&...4882488033
Third, I follow the weather like a hawk. California is the key. The last big drought at the start of this decade spread into the plains causing grain prices to soar. RJA is heavily into just soy, wheat and corn. California is having well below average rain since October 1st., including almost nothing in December, and January looks a bit below the monthly normal as well. A big plus for RJA, so far. But big rains in February, March and APril could change that either way. The US Drought Monitor map is not looking good. Nebraska got some relief today. But look drys til the end of the month.
http://droughtmonitor.unl.edu/
https://www.wunderground.com/forecast/us/ne/o...alwx_10day
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