The Joss Report

The Joss Report was first published as a trader’s commodity newsletter in 2000. Since that time, our research has continued to evolve into an important source of technical insight for many Futures traders. Our goal is to provide traders with a 'game plan' to prepare for the trading week and month ahead.

Thursday, November 17, 2011

THE JOSS REPORT 11/06/2011

Traders are advised not to exceed the rule of thumb - 10% of equity to risk ratio. If you do not fit this risk profile listed in each trading module, traders are advised to consult with their account executive for an option trading strategy. ***Multiple closes represents 4 business days for conservative traders.


Cleartrade® (provider of The Joss Report)

Call: 773-561-9777

TECH TALK BY SCOTT R. JOSS (C.T.A.)*

Note: On Wednesday November 6TH, the USDA Supply/Demand and Crop Production report will be released at 7:30 am C.S.T.

Traders are advised to begin watching Natural Gas and Lumber due to developing trade signals for 2012.

MARCH SUGAR (SBH2)

The proposed trade risk for March Sugar next week is $4,883.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 28.59***:

Traders are advised to buy, placing stops below 24.31* and refer to trading module #6.

# 2) Multiple closes above 29.86***:

Traders are advised to buy, placing stops below 25.30*.

# 3) Multiple closes above 30.60***:

Traders are advised to buy, placing stops below 26.13*.

# 4) Multiple closes above 31.18***:

Traders are advised to buy, placing stops below 27.70*.

# 5) Multiple closes above 31.90***:

Traders are advised to buy, placing stops below 28.35*.

Our objective is 32.39**.

# 6) Multiple closes below 24.01***:

Traders are advised to sell, placing stops above 28.35* and refer to trading module #1.

# 7) Multiple closes below 23.50***:

Traders are advised to sell, placing stops above 27.70*.

# 8) Multiple closes below 22.81***:

Traders are advised to sell, placing stops above 26.22*.

# 9) Multiple closes below 22.43***:

Traders are advised to sell, placing stops above 25.30*.

# 10) Multiple closes below 21.10***:

Traders are advised to sell, placing stops above 24.31*.

Our objective is 20.27**.

JANUARY CRUDE OIL (CLF2)

The proposed trade risk for January Crude Oil next week is $14,120.

The proposed trade risk for the January Mini Crude Oil next week is $7,060.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 95.50***:

Traders are advised to buy, placing stops below 83.12*.

# 2) Multiple closes above 97.29***:

Traders are advised to buy, placing stops below 84.38*.

# 3) Multiple closes above 98.20***:

Traders are advised to buy, placing stops below 87.14*.

# 4) Multiple closes above 100.07***:

Traders are advised to buy, placing stops below 89.05*.

# 5) Multiple closes above 101.15***:

Traders are advised to buy, placing stops below 94.22*.

Our objective is 104.58**.

# 6) Multiple closes below 74.95***:

Traders are advised to sell, placing stops above 89.05*.

# 7) Multiple closes below 73.58***:

Traders are advised to sell, placing stops above 84.28*.

# 8) Multiple closes below 70.76***:

Traders are advised to sell, placing stops above 80.66*.

# 9) Multiple closes below 69.51***:

Traders are advised to sell, placing stops above 77.84*.

# 10) Multiple closes below 67.15***:

Traders are advised to sell, placing stops above 75.35*.

Our objective is 64.26**.

DECEMBER EMINI S&P (ESZ1)

The proposed trade risk for the December EMINI next week is $7,050.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 1294.75***:

Traders are advised to buy, placing stops below 1156.50*.

# 2) Multiple closes above 1304.00***:

Traders are advised to buy, placing stops below 1185.50*.

# 3) Multiple closes above 1314.75***:

Traders are advised to buy, placing stops below 1208.50*.

# 4) Multiple closes above 1322.75***:

Traders are advised to buy, placing stops below 1254.50*.

# 5) Multiple closes above 1334.25***:

Traders are advised to buy, placing stops below 1280.75*.

Our objective is 1342.50**.

# 6) Multiple closes below 1068.00***:

Traders are advised to sell, placing stops above 1208.50*.

# 7) Multiple closes below 1050.75***:

Traders are advised to sell, placing stops above 1185.50*.

# 8) Multiple closes below 1036.75***:

Traders are advised to sell, placing stops above 1156.50*.

# 9) Multiple closes below 1002.75***:

Traders are advised to sell, placing stops above 1105.75*.

# 10) Multiple closes below 991.00***:

Traders are advised to sell, placing stops above 1068.00*.

Our objective is 981.75**.

JANUARY SOYBEANS (SF2)

Note: Traders previously short Soybeans from 1296.50 or lower and have not exited their trade are advised to place stops above 1283.75 and refer to trading module #1 below.

The proposed trade risk for January Soybeans next week is $6,037.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes below 1163.50***:

Traders are advised to sell, placing stops above 1283.75*.

Our objective is 1135.50**.

# 2) Multiple closes below 1129.25***:

Traders are advised to sell, placing stops above 1252.50*.

# 3) Multiple closes below 1114.00***:

Traders are advised to sell, placing stops above 1231.50*.

# 4) Multiple closes below 1102.25***:

Traders are advised to sell, placing stops above 1190.00*.

# 5) Multiple closes below 1088.00***:

Traders are advised to sell, placing stops above 1163.50*.

Our objective is 1064.00**.

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).

*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position and are advised to use resting stop orders.)

*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).

CHART WATCH BY SCOTT R. JOSS (C.T.A)*

Chart Watch includes products developing potential trade signals or chart patterns that have not yet fully developed - or may never develop.

During the course of the week or month it is not uncommon to find a trade signal that was previously not revealed when this newsletter was written.

Products that currently fit into this watch category are listed below and should be watched.

DECEMBER GOLD (GCZ1)

The proposed trade risk for the December Gold next week is $18,450.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 1789.00***:

Traders are advised to buy, placing stops below 1604.70* and refer to trading module #6.

# 2) Multiple closes above 1817.60***:

Traders are advised to buy, placing stops below 1636.60*.

# 3) Multiple closes above 1848.20***:

Traders are advised to buy, placing stops below 1681.20*.

# 4) Multiple closes above 1865.20***:

Traders are advised to buy, placing stops below 1705.40*.

# 5) Multiple closes above 1889.10***:

Traders are advised to buy, placing stops below 1754.00*.

Our objective is 1911.40**.

# 6) Multiple closes below 1579.50***:

Traders are advised to sell, placing stops above 1754.00*.

# 7) Multiple closes below 1535.00***:

Traders are advised to sell, placing stops above 1705.40*.

# 8) Multiple closes below 1512.80***:

Traders are advised to sell, placing stops above 1681.20*.

# 9) Multiple closes below 1481.00***:

Traders are advised to sell, placing stops above 1636.60*.

# 10) Multiple closes below 1465.90***:

Traders are advised to sell, placing stops above 1604.70*.

Our objective is 1439.20**.

DECEMBER SILVER (SIZ1)

The proposed trade risk for the December Silver next week is $35,600.

The proposed trade risk for the December Mini Silver next week is $7,120.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 36.680***:

Traders are advised to buy, placing stops below 29.935* and refer to trading module #6.

# 2) Multiple closes above 37.055***:

Traders are advised to buy, placing stops below 31.230*.

# 3) Multiple closes above 38.810***:

Traders are advised to buy, placing stops below 32.105*.

# 4) Multiple closes above 39.850***:

Traders are advised to buy, placing stops below 33.585*.

# 5) Multiple closes above 40.985***:

Traders are advised to buy, placing stops below 35.450*.

Our objective is 42.975**.

# 6) Multiple closes below 27.795***:

Traders are advised to sell, placing stops above 34.905* and refer to trading module #1.

# 7) Multiple closes below 26.150***:

Traders are advised to sell, placing stops above 33.585*.

# 8) Multiple closes below 25.255***:

Traders are advised to sell, placing stops above 32.105*.

# 9) Multiple closes below 24.250***:

Traders are advised to sell, placing stops above 29.935*.

# 10) Multiple closes below 23.080***:

Traders are advised to sell, placing stops above 28.435*.

Our objective is 21.160**.

DECEMBER 30-YEAR BOND (USZ1)

The proposed trade risk for the December 30-Year Bond next week is $11,906.

WHAT ARE TRADERS ADVISED TO DO NEXT WEEK?

Below are possible trading modules for futures traders to consider next week:

# 1) Multiple closes above 147-00***:

Traders are advised to buy, placing stops below 135-05* and refer to trading module #6.

# 2) Multiple closes above 148-27***:

Traders are advised to buy, placing stops below 136-18*.

# 3) Multiple closes above 150-22***:

Traders are advised to buy, placing stops below 139-26*.

# 4) Multiple closes above 152-17***:

Traders are advised to buy, placing stops below 143-04*.

# 5) Multiple closes above 154-12***:

Traders are advised to buy, placing stops below 146-13*.

Our objective is 156-23**.

# 6) Multiple closes below 134-26***:

Traders are advised to sell, placing stops above 146-13* and refer to trading module #1.

# 7) Multiple closes below 132-25***:

Traders are advised to sell, placing stops above 143-04*.

# 8) Multiple closes below 129-30***:

Traders are advised to sell, placing stops above 139-26*.

# 9) Multiple closes below 127-20***:

Traders are advised to sell, placing stops above 137-13*.

# 10) Multiple closes below 125-28***:

Traders are advised to sell, placing stops above 135-05*.

Our objective is 123-27**.

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).

*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position and are advised to use resting stop orders.)

*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).

CURRENT TRADE SIGNALS FOR NOVEMBER:

- US 30-YEAR BOND

- SILVER

- GOLD

- SUGAR

FUTURE WATCH

Future watch will list developing trade signals to watch in November for December. By listing these products, traders can feed-forward with anticipation and focus - centering on products that will provide direction and hopefully, opportunity.

Traders are advised to begin studying the weekly, monthly, quarterly and yearly charts for the products listed below. Do not forget that between now and the end of the month, some or all of these products may be de-listed.

Potential trade signals for December will be revealed on the close of business November 30th.

- Potential trade signals for December will be posted in future newsletters.

* (Futures traders and their account executives are advised to discuss this suggested stop).

** (Traders can exit or hedge a trade position before reaching this objective but are advised to remove any resting stop orders).

*** (Conservative traders are advised to wait for multiple closes (4 business days) before establishing a position but and advised to use resting stop orders.)

*** (Very aggressive Traders can enter a trade position without multiple closes but are advised to use resting stop orders).

Commodity/Futures and options trading involve substantial risk.

posted by trader1s | 5:50 AM

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