Wednesday, January 25, 2023

#Corn Review $CORN #ZC_F

Corn Review
Trading noise, the random movement of price over the short term, does not control trends, cycles, and profits. The majority, an emotionally driven group focused solely on price, often interprets it as meaningful information. This leads to confusion, frustration, missed opportunities, and leaves the majority as the bag holders of trend transitions. The Evolution of the Trade helps investors stand separate from the majority.

Corn's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

The Corn Report, a series of videos, extends the discussion in greater detail.

The majority – Ag Twitter, CNBC, Main Street, Wall Street et al., is turning bearish on commodities – energy, agricultural commodities, and grains. We generally ignore acreage, crop ratings, weather forecasts, USDA reports, local insiders, or other widely quoted fundamentals. The invisible hand discounts domestic and international events that look past the widely accepted consensus. The observation often draws ire from investors, traders, and producers that do not understand the invisible hand. The inability to track it, and the obsession to tell it what should be happening leads to unexpected rallies and breaks anticipated only by a small minority. This is and will always be the game. No amount of teaching will change it.

Today's review discusses an unexpected divergence in the price of corn and its ProIndex.

Definition of ProIndex,

Pro and Public Indices provide addition information to trends. ProIndex and Pub Index charts display Price (top), ProIndex (middle), and PubIndex (bottom). These trends define participation. Participation can be professional- (pros), or public-driven. Trends supported by pros, price confirmed or lead by the ProIndex, are more durable than public ones. Bullish or bearish divergences of price and the ProIndex suggest vulnerability within the trend. The longer the divergence exits, the more vulnerable the underlying trend.


What is corn's ProIndex saying?

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The Matrix provides market-driven trend, cycles, and intermarket analysis.