Commentary from the airport!

I am sitting on the airport waiting for the boarding announcement. Thank god this airport has free public WiFi. Anyway, looking at my charts here are my comments in general -  

1. On a 5 year weekly chart, commodities, i.e., DBA DBC USO UNG UGA, are forming a bottoming pattern. The MFI is trending up, diverging with the price, which is a good sign. MACD is just beginning to cross up. The only watchout is that OBOS indicator still shows overbought conditions somewhat. Conclusion - Wait for the OBOS indicator to turn down and price can stay flat or go a little lower, but start building position once the OBOS nears Zero line. After all, all those dollars that fed is printing will find its way into market and boost commodities.  

Trade timing - 2 years. 

Exact trade - Buy YWZAJ (Jan 10) for $10.7 

Stop loss - $9

Target exit - $16

2. Short FXY, TLT - MFI/Price divergence! 

3. BIG has 40% of float sold short and the earnings guidance has not come down that much. 

Long story short (boarding call announced) - buy BIGDC - buy for 1.8! 

Rest later.