Stocks still looking bearish

FOR TUESDAY: (9/11) Wondering if 9/11 Memorial will spook anyone on Tuesday. Most markets were quiet and not telling us much, as Super Thursday is approaching with a number of Central Bank meetings (but not the US until Sept. 26). Nothing happening on the commodity front of interest just yet or with other markets. Hurricane Florence and potential damage is a concern, and China rhetoric and planning continues to ratchet up–and it’s not a good idea to corner a Panda when her cubs are threatened. Not going to end well.Continue reading

Next corn sale may be Wednesday

FOR TUESDAY: (9/11) Trade waiting on Wednesday’s USDA report and many think that corn will miss estimates, and that’s probably the case. Still, upside potential is limited. Hogs should be impacted by the Hurricane, as the Carolinas are huge hog producers. Still, the market came off a 1.20 from the highs.Continue reading

S&P looks lower into Tuesday

FOR MONDAY: (9/10) The Sept. swoon should continue a few more days for stocks before a larger congestive bounce. Given this market’s tendency for sucker punches, we always have to sell at key areas. Is the higher employment data a game changer for bonds and the dollar? Usually it is but we will have to see how it reacts early next week.Continue reading

Need a pullback into Tuesday to buy cattle

FOR MONDAY: (9/10) Logic has us thinking cool and wet weather over the weekend will spook grain traders higher although many normal cycles would be lower on Sunday/Monday. We are going with logic and we got long wheat and are open to chasing beans more than corn. Need a pullback into Tuesday to buy cattle. Canadian deal will not be done until later in the month and higher Chinese tariffs may be the wild card and straw that breaks.Continue reading

Not much upside potential for corn

FOR FRIDAY: (8/31) Not wanting to have much on before the long weekend. Grains are oversold and if lower targets come in, then a short-covering rally buy may set up before the USDA report the first few weeks of September. Also have to deal with Canadian stats out on Friday and also any surprises from Canadian negotiations around NAFTA.Continue reading

Can’t short stocks at all-time highs

FOR THURSDAY: (8/30) NQ at all-time highs along with Amazon has to be watched for exhaustion but that point is up to 7754 on NQ futures. Long weekend makes it hard to take a position but the market tends to be higher after Labor Day. and cycle high into Sept. 6 is looming. Any Canada deal going into Friday could be a huge boost by the end of the week. Can’t short stocks at all-time highs.Continue reading

Beans still too treacherous to buy

FOR THURSDAY: (8/30) Not wanting to have much on before the long weekend so exit meats and continue to take profits on higher pushes on wheat. Unlikely to put much on before the long weekend. Grains are oversold and if lower targets come in, then a short-covering rally buy may set up before the USDA report the first few weeks of September. Also have to deal with Canadian stats out on Friday and also any surprises from Canadian negotiations around NAFTA.Continue reading

Not in a rush to top-pick S&P

FOR WEDNESDAY: (8/29) GDP is on Wednesday and we’re always worried about these holiday weeks, as the trade will start leaving by Wednesday and nothing will happen until Sept. 4. The dollar downtrend is more solid, as is gold, and you can’t sell the stock market when it’s at record highs so go with the trend. T-notes look lower much of the rest of this week.Continue reading