Cattle and hogs look lower the next few days

FOR FRIDAY: (10/26) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts for a few more days and if we get enough of a lead on shorts, we can hang on. Cattle and hogs look lower the next few days.


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Major bounce probably coming on stocks

FOR THURSDAY: (10/25) Wild day. Thinking a huge sucker punch bounce could happen, as major support is close at hand for stocks. Market somewhat untradeable overnight but have to pick key numbers. Major bounce probably coming on stocks on Friday at the latest.


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Grains looking lower until early next week

FOR THURSDAY: (10/25) Not seeing any major energy for grains to bounce until early next week so we should stick with shorts a few more days–and if we get enough of a lead on shorts, we can hang on. Cattle have a cycle high on Thursday and we’ll have to move up stops and probably…


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S&P looking lower into Thursday, Friday

FOR WEDNESDAY: (10/24) Sucker-punch day, and usually bounces happen in 3 waves so a minor pullback may lead to another push up to kill all the late bears. We have a low into Thursday or Friday and higher prices next week but we’re open to a low as late as Monday. In the end, the…


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Hogs close to getting overbought

FOR WEDNESDAY: (10/24) Grains recovering from oversold conditions but still seem in trouble even if we get a bounce on Wednesday. Cattle have at least one more day of bounce in them and hogs are close to getting overbought with a new nigh on Wednesday.


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Volatile cycles this week

FOR TUESDAY: (10/23) Lots of Fedspeak on Tuesday and that always leaves the door open to surprises. Still, the trade faded the positive China news and sold off the marijuana stocks and the banks and the home builders, which are all hurting from higher rates. Cycles are volatile this week with a bias toward shorts…


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Grain cycles lower next few days

FOR TUESDAY: (10/23) The 29/30-day cycles are lower the next few days so we can still be selling grains but beans continue to hold a very key area at 855-56 and corn above 363 are healthy. Cattle on Feed report was supportive for back months and cold storage is mixed and not sure how the…


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Cycles look rather bearish next week for stocks

FOR MONDAY: (10/22) Cycles look rather bearish next week for stocks and confidence will quickly erode if any bad news hits. Saber-rattling with Russia over the weekend isn’t going to spark any buying so it’s just a matter of finding a good spot for short stocks. Dollar looks lower this week but we need a…


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Harvest pressure likely to take over with dry weather

FOR MONDAY: (10/22) We failed to get into beans or corn but did get short wheat. Harder to chase with the market so oversold but not seeing anything to lift it up sharply. Talks with China at the G-20 are scheduled for Nov. 29, which is quite far away. Harvest pressure will take over with…


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