Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Monday, December 6, 2010
Cocoa, Time for a Sip
On 11/3 I posted on Cocoa, watching for a breakout of the descending trendline going into its January seasonal low (first chart). Today it broke that trendline with some strength. I think NIB gives us some defined risk areas to exit, or for those who wish to wait for a pullback, the bottom of that upward channel is a good place.