Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

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If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

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Resistance at the 50 Day Moving Averages $SWKS $TRN $SLCA Drops

There are basically 2 main schools of thoughts in trading, technical & fundamental. I am of the schooling of technical. Interesting enough my daughter who works for a firm is more bent on fundamental. Regardless the key is to attempt to keep inevitable losses small. Currently the market is not healthy as the way I measure it technically. I am completely out of my longs and have one position which is short based the VIXY. There is currently resistance at the 50 day moving averages. The S&P 500 lost 0.2% after being up and down as much as 0.5% on the session. It tried to get above its 50-day line but failed to close above it. In a worse situation highlighting the inherent current weakness,the small-cap Russell 2000 slumped 0.9%. The index corrected as much as 11% from its July 1 high, more than double the declines of the Nasdaq and S&P 500. Again we have not had a double decline in such a long time. Traders who do not have a plan have been become complacent and have been rewarded to buy the dip.

At some point this will not work and will fail miserably.

Leading stocks have gotten hammered and does not seem to be a rotation at the moment.

Prior leaders such as Skyworks Solutions $SWKS, U.S. Silica $SLCA and Trinity Industries $TRN have cut their 50-day moving averages in big volume. This confirms more greater weakness…

Now is time to have a trading plan. Buy and hold is fine if you want to go through 50% draw downs as we have experienced not once…but twice in the last decade of the 2000s.


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