Hubert Senters here.
Let’s take a look at Coffee. Now Coffee is a notoriously hard contract to trade and it’s a future so be careful. A lot of people will tell you that options and futures are more risky than stocks and they can be. So you got to be careful.
But this is a crazy contract to trade. But I had a real big move today so I want to make it wherever. If you want to try to trade it with an ETF or some other means I’m looking at the futures contract. But this is Coffee.
And as you can see it is above the cloud and it is making some substantial moves higher. It’s probably going to go through $121.50, $122.50 on its way as it’s going to try to climb back up here to the area of like $130-$131 so I just want to make you aware that Coffee’s moving ladies and gentlemen.
Coffee prices are moving. Let’s think through this. How could you trade that you have wealth? Coffee prices are moving. That probably means it’s going to cost Starbucks more money. Would that play out? It may or may not. Let’s take a look.
SBUX, Starbucks is actually down today so the price of Coffee Bean go up. Well, Starbucks just probably raising their prices but anyway, Coffee is going up and Starbucks is going down.
If you don’t have a futures account and you’ve never trade Coffee another that you could potentially do on the backing of that is short. Some Starbucks or Dunkin Donuts or anything like that. Mark Helweg is going to be doing a live webinar on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction,’’ Friday, November 22nd at noon East Coast tomorrow. I will lead you and register for the webinar.
Good luck. Hope it helps. See you on the next video.