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Another tough one – got to put it in the past, though. Facts are, this system works great when futures are going up, and not so great when they are going sideways/down. And lately, I just haven’t been in the particular futures that are going up (oil looked nuts at $110 – who would have […]
Well not a great week – disappointed in cotton especially, and coffee to end the week. A few thoughts on the positions: Cotton FuturesCotton broke sharply to the downside, as I managed to pin the tail on the local top. However I believe the downside here is limited, so I’m planning to hang on for […]
A nice little week – good to be back in the win column. Things cooled off later in the week for me, mostly as wheat plummeted in late trading hours Friday morning. However cattle ended the week very strong, which was great to see. My new policy of watching the charts, rather than my account, […]
Thoughts on the commodity futures markets as we put a wrap up on the week: Oil topping 140 as I write – this market continues to defy gravity. Too scary for me to try and play either side of this market. The Fed’s decision to stay put (a real shocker) really put a kick start […]
Sticking with the rules here, I’m now into cotton and sugar on their respective breakouts. Still like the live cattle and added some longer dated contracts this week. Will probably not add to this position, as it’s heavy enough. Got scared out of corn early – I ended up selling at the break even mark. […]
Have to admit – I’m a bit frustrated with the weakness in the meats, especially in the face of this grains rally. Doesn’t seem to make much sense, and I can’t see a scenario where meat prices are not higher in 6-12 months. This livestock report helped calm me down – it looks like farmers […]
Cattle’s looking good – I’m keeping an eye on the Feeder market also. Wish I still had all my Live Cattle contracts, but oh well – looking to add on a new breakout. Pork bellies are not looking good – same article linked above mentions too much supply on the market. Quite a breakout by […]
Whoa, how’d I miss the recent rally in live cattle? It make so much sense fundamentally – Asia eating more meat, high grain prices putting the squeeze on meet production, etc…I just fell asleep at the wheel a bit here.Here’s an article I found on BarChart regarding the livestock markets. I also read over the […]
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