Can’t Beat The Meats?

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.


February lean hogs
(
LHG1 |
Quote |
Chart |
News |
PowerRating)
, mentioned Wednesday night,
recovered nicely from an earlier sell off on Thursday. This action suggests that
its uptrend remains intact. Look for a
buying opportunity here.
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Live cattle
(
LCF1 |
Quote |
Chart |
News |
PowerRating)
, mentioned recently, still looks like
it has the potential to resume its uptrend. Look for a buying opportunity here
but wait for a resumption of strength as the contract closed poorly on Thursday.

Best of luck with
your trading on Friday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!