ETF Range Projections & A Quote to Start the Day
When I first got into commodities, no one was interested in a diversified approach. There were cocoa men, cotton men, grain men — they were worlds apart. I was almost the first one who decided to look at all commodities together. Nobody before had looked at the whole picture and had taken a diversified position with the idea of cutting losses short and going with a trend.
- Richard Donchian
Asia is hesitating after yesterday’s advance (Nikkei was closed Monday) and Europe so far is following through on yesterday’s gains: Nikkei 225 +2.73%, Hang Seng +0.00%, Shanghai -1.64%, DAX +1.06% , and the FTSE 100 +0.79%.
At about 7:50 AM ET, the futures, also looking for a follow through on the open: Dow +35, S&P +3.3, NAZ +4 Oil +$0.23 and Gold -$1.30.
