Hogs Got Slaughtered Again
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.
The overbought nature of the stock market (see Thursday’s Stock Outlook for details) combined with
recent sell signals suggests that the index futures are still prone to correct.
Follow Up
December lean hogs
(
LHZ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, went limit down again
today. If you have profits here, make sure you lock in a piece.
Looking Ahead
The energies are up sharply off of their lows. They could set up as a pullback
from lows should they begin to stall out over the next few days.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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