FOR THURSDAY: (2/9) Stocks still look higher for a few days for a divergent cycle high and there’s no reason to top-pick. The dollar also looks higher although not thrilled with the late break today. There’s a cluster of cycles over the weekend that might finally create a temporary cycle high for stocks and the dollar and T-notes and start them lower into Feb. 28, and we’re focusing on doing that play starting Sunday.Continue reading
Cattle and hogs look lower for a few day
FOR THURSDAY: (2/9) Grains are waiting for USDA report on Thursday but cycles look lower into Friday so not thinking the report will go well, and we should use any rallies to get short. Beans remain a bit crazy as always but we feel good selling and hedging corn and wheat at these levels. Cattle and hogs look lower for a few days.Continue reading
Waiting to buy gold on a pullback
(2/8) Still a sloshy week but API crude data is 2nd worst ever and will confirm a meltdown there. Still working on higher dollars into Friday and waiting to buy gold if we get a pullback.Continue reading
Look to sell feeders on rallies
FOR WEDNESDAY: (2/8) Grains are waiting for USDA report on Thursday but cycles look lower into Friday so not thinking the report will go well and we should use any rallies to get short. Hogs could easily hold up one more day and we should be selling feeders on rallies.Continue reading
Erratic cycles on Tuesday
Cycles are likely to be more erratic on Tuesday and the market is already behaving strangely with new anxiety with Europe, Italy and Greece and France. We have to go with our original forecast for the week but some markets are a bit out of sync. Chalking it up for a typical post weekend hangover from the Super Bowl and back to business as usual on Tuesday?Continue reading
Grain cycles look lower into Friday
FOR TUESDAY: (2/7) Grains are waiting for USDA report on Thursday but cycles look lower into Friday so not thinking the report will go well and we should use any rallies to get short. Cattle continue to act toppy and suggest a sale and we’re top-picking hogs here and may exit by early Wednesday if they can’t break.Continue reading
Favoring short gold, long dollars next week
FOR MONDAY: (2/6) Hard to take too much home over the weekend given wild tweets from Trump, saber-rattling with Iran and China back on the offensive raising interest rates. We still feel good about short gold next week and long dollars but don’t expect any easy trading in Feb and the wheels will start coming off soon probably by the week of Feb. 12.Continue reading
Weather could give grains, meats one more push up on Monday
FOR MONDAY: (2/6) Counting on the weather to give grains and meats one more push up on Monday and it has enough of a chance to wait for. Still, weather is fickle so be prepared Sunday night if it doesn’t look good and if you have urgent needs.Continue reading
Higher dollars, lower gold into at least Sunday
FOR FRIDAY: (2/3) Another employment report day. The dollar is bid with a great number expected but will Amazon earnings disappoint the party? We have a bias toward higher dollars and lower gold into at least Sunday with a bounce Monday and then generally prices for gold into Feb. 11. That would suggest a larger bounce for at least a week for the dollar and key support has held.Continue reading
Cattle still look higher one more day
FOR FRIDAY: (2/3) Grain cycles look weak on Friday but we’re hoping that SA weather will keep them sideways and that a final high will come in over the weekend for better sales. Cattle still look higher one more day and hogs lower on Friday.Continue reading