Momentum Rules

• July 2, 2001
• Marc Dupee

Contracts from the Momentum-5
List are following through. Soybeans
(
SN1 |
Quote |
Chart |
News |
PowerRating), soybean oil
(
BON1 |
Quote |
Chart |
News |
PowerRating),
and
soy meal
(
SMN1 |
Quote |
Chart |
News |
PowerRating) are following through nicely after their biggest
year-to-date spurt on Friday following the USDA’s estimate that the
crop carryover would be smaller than anticipated and that fewer acres were
planted. These contracts are making good on Off The Blocks
setups. 

Also from the Momentum-5
List, August pork bellies
(
PBQ1 |
Quote |
Chart |
News |
PowerRating) are triggering in an Off The
Blocks setup and August lean hogs
(
LHQ1 |
Quote |
Chart |
News |
PowerRating) have yet to trigger
after a big gap up. 

From the
Implosion-5 List,
energies have also triggered out of their Off The Blocks entries after a gap up and
are providing a second chance on an intraday pullback to the lows of Friday’s
last hours’ ranges. 

10-year notes
(
TYU1 |
Quote |
Chart |
News |
PowerRating) are triggering out of their Turtle Soup Plus One Buy
patterns and
September T-bonds
(
USU1 |
Quote |
Chart |
News |
PowerRating) are rallying in a same-day, Turtle Soup
Plus One buy setup.