Wednesday may be the best day of the week for recovery

FOR WEDNESDAY: (2/15) Wednesday may be the best day of the week for meats and grains to recover and if we’re to get more shorts on, we will have to be patient another day. There is a larger cycle for grains that may be holding them up that peaks into next Tuesday and if the market can’t break down on Thursday, we may have to deal with it keeping the market up.Continue reading

Grains tiring at key resistance

FOR TUESDAY: (2/14) Cycles and technical signals look lower for meats a few more days. Grains are stubborn but seem like they are tiring at key resistance areas. Would still expect overbought conditions to lead to breaks this week. Will stay patient.Continue reading

FINANCIAL OVERVIEW FOR FEB. 13TH

FOR MONDAY: (2/13) No reports today.  Lately Mondays have been sloppy and sideways but cannot fight the trend in place with stocks which seem as if they want to go higher.  We do have a cluster of turning points for Sunday/Monday with at least a 2 week trend into Feb. 28th.   We are likely to get more reversal energy on Tuesday than Monday so let see how things sort out.

Friday may be a quiet day

FOR FRIDAY: (2/10) May be a quiet day. We’re open to continued optimism into Sunday night and perhaps bleeding into Monday but sometime early next week, we do expect trend reversals for the dollar and stocks and bonds and gold for at least 3 weeks.Continue reading

Grains may hold up one more day

FOR FRIDAY: (2/10) Grains closed firm with beans failing the most. Possible that the market could hold up one more day but then the grains should turn lower next week. Hogs look lower and still need a deeper break of 7000 to confirm a top; cattle continue to look a bit sickly.Continue reading

Stocks still look higher for a few days

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

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