John Roque, CMT, of Wolfe Research discusses his bullish thesis on a high-flying commodity: Corn. He breaks down the historic chart patterns, examines the current worth spike, and evaluations how one can play the scenario. He additionally recommends a second commerce concept with a bearish guess on the Russell 2000, on this interview with Jake Merl. Filmed on May 29, 2019.
Watch extra Real Vision™ movies: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Watch extra by beginning your 14-day free trial right here: https://rvtv.io/2JM5ZaS
About Trade Ideas: Top merchants unveil their particular plans for cashing in in the marketplace’s subsequent transfer. In these brief movies, our merchants lower straight to the purpose and lay out their ideas on the most effective risk-reward trades of the second. Each episode concludes with a visible recap of commerce particulars together with profit-loss potential and commerce period.
About Real Vision™: Real Vision™ is the vacation spot for the world’s most profitable traders to share their ideas about what’s occurring in as we speak’s markets. Think: TED Talks for Finance. On Real Vision™ you get unique entry to observe essentially the most profitable traders, hedge fund managers and merchants who share their frank and in-depth funding insights with no agenda, hype or bias. Make sensible funding selections and develop your portfolio with authentic content material delivered to you by the largest names in finance, who get to say what they actually assume on Real Vision™.
Connect with Real Vision™ Online: Twitter: https://rvtv.io/2p5PrhJ Instagram: https://rvtv.io/2J7Ddlw Facebook: https://rvtv.io/2NNOlmu Linkedin: https://rvtv.io/2xbskqx
Playing Corn’s Pop (w/ John Roque) https://www.youtube.com/c/RealVisionTelevision
Transcript: For the complete transcript go to: https://rvtv.io/2JM5ZaS JAKE MERL: Welcome to Trade Ideas. I’m Jake Merl, sitting down with John Roque of Wolfe Research. John, nice to have you ever again on the present. JOHN ROQUE: Thanks for having me, Jake. JAKE MERL: So, you had been final right here a pair months in the past, going lengthy Chinese shares. The commerce is working out fairly effectively up nearly 10% in only a few weeks. And then it is bought off as Trump and the commerce warfare rhetoric queued up in April. Chinese equities that ended their decline at that 2850 stage, which is definitely your preliminary cease loss. Do you will have an replace for this commerce, John? Are you continue to concerned about it in any respect? JOHN ROQUE: I’m nonetheless concerned about it. But I’m going to say that I’m going to be apart now till these geopolitical tensions ameliorate. So, I’m going to tug apart largely as a result of A, they did not maintain up higher. And the remainder of area is fairly darn weak as well as, so I’m going to attend till there’s extra readability. JAKE MERL: Gotcha. Thanks for that replace, John. JOHN ROQUE: You received it. JAKE MERL: And so, shifting gears to as we speak’s commerce concepts, I imagine you will have two in thoughts. The first commerce, you are going lengthy corn. JOHN ROQUE: That’s proper. JAKE MERL: And the second commerce, you will have a bearish commerce concept on the Russell 2000. But earlier than we get into these two concepts, are you able to simply please briefly evaluation your technical method to markets? JOHN ROQUE: Sure. I’m a pattern follower. I imagine worth is the raison d’etre for why we’re on this enterprise, all people will get mark to market on worth. You may get your whole fundamentals proper, however the worth improper and you do not get paid on the finish of the 12 months. Similarly, you may have a terrific financial view. But if you happen to cannot flip it into worth {dollars}, or how you are going to be measure it on a mark to market foundation, it actually is not that necessary. So, we actually are worth centered, pattern centered, and we rating all the things that has a worth on a zero to 4 scale. And utilizing that scale, threes and fours, we typically wish to be consumers of and zeros and ones, we wish to be sellers or shorters of, that is how we find yourself arising with our opinions. JAKE MERL: And so, as we speak, you are taking a look at corn. Corn has not too long ago been getting a whole lot of consideration. We’ve seen this vital spike increased over the previous few weeks. What particularly are you taking a look at, John, that implies corn goes to move even increased from right here? JOHN ROQUE: Okay. So, Jake, I wish to be straight up with you. I really considered this as a protracted concept in December, January and February. And corn had arrange pretty properly, after which it declined actually sharply till about 11 or 12 days in the past. So, I do not wish to say that this is not a fraught with some stress right here. Because I had it arrange after which it failed. And it is come again.
#Roque #TradeIdeas #investmentideas #John #Trading #stocks #investments #stockmarket #Agriculture #technicalanalysis #WolfeResearch #Economy #Investing #Pop #finance #JohnRoque #RealVisionTelevision #fundamentalanalysis #Corn #realvisionfinance #playing #economics #realvision #commodities #fundamentals #Corn39s
Comentários