Cotton Souping Up

• March 23, 2001
• Marc Dupee

Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.

Several Turtle Soup Plus One signals are triggering this
morning, both to the buy and sell side. From the Turtle
Soup Plus One Buy list, May cotton
(
CTK1 |
Quote |
Chart |
News |
PowerRating) is
the biggest winner, up 1.26 at 48.40. Soybeans
(
SK1 |
Quote |
Chart |
News |
PowerRating),
while up 2 3/4 at 437, has yet to take out yesterday’s high. From the Turtle
Soup Plus One Sell list, the June dollar index futures
(
DXM1 |
Quote |
Chart |
News |
PowerRating)
have violated yesterday’s low, down .72 to 115.76, and T-bonds
(
USM1 |
Quote |
Chart |
News |
PowerRating) are down ^18 at 106^10 up nine ticks from their intraday low.

March feeder cattle
(
FCH1 |
Quote |
Chart |
News |
PowerRating), from the Pullback
From Lows List, is continuing to set up.

 

 

May pork bellies
(
PBK1 |
Quote |
Chart |
News |
PowerRating), off the
Momentum-5
List, have gapped higher after taking out a mini double top in yesterday’s
trading.

 

 

Finally, Cocoa
(
CCK1 |
Quote |
Chart |
News |
PowerRating), is
continuing higher after bouncing off a 50% retracement level in the previous
session.