John Carter: Futures and Commodities Update
John Carter gives us his favorite trades in the futures and commodities markets.
Carter is still long bonds and notes. The 30-year bonds refuse to slow down, coming up to the 138.71 level and Carter expects the 10-year note to go higher after it fired off a long squeeze. The dollar index is off and running and the Euro is under a lot of government pressure. Carter is unsure what the Yen will do, but he says the Yen and Stock market act inversely. Carter predicts the stock market squeeze to cause a drop lower, and then eventually an uptrend. He suggests shorting the Russell and the DOW but is not ready to trade S&P or NASDAQ. Carter says as soon as platinum goes up, investors should buy gold and silver. He suggests buying pullbacks on live cattle and buying into beans because he expects to see an uptrend in grains.¿
