Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Grains ETN Poised for More Upside

The big picture of the iPath Dow Jones UBS Grains ETN (JJG) remains poised for upside continuation off of the October 4 low at 41.95. This is provided the price structure can hurdle and sustain above October resistance at 46.77/80, which should trigger follow through towards 49.00-50.00 thereafter.

At this juncture, only a decline that breaks the Nov 1 pullback low at 44.21 will compromise the timing of the next powerful up-leg.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!