Monday, August 10, 2009

Sugar Market

The sugar market is hitting multi-year highs because of weather concerns (in India and other places) that are creating supply worries. This extreme move is helping our portfolio to edge higher as other markets churn at current levels. You can never tell which market sector might perk up -- so it's good to use trading systems that cover a wide range of market sectors.

In the meantime, other markets have been churning since they reached certain levels. The stock market has reached recent highs but is struggling in the 1000 range on the S&P. The bond market has been bouncing between recent support and resistance. Other markets such as currencies and other commodities have recently had similar market action as well.

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