Hogs Pulling Back

  • December 8, 2000
  • Dave Landry

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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.

Heads up! There is late breaking news
regarding the election. See my Stock
Trading Outlook for details.

February lean hogs
(
LHG1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, has begun to pull back
again, forming a flag. Look for a buying opportunity here.

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February gold
(
GCG1 |
Quote |
Chart |
News |
PowerRating) has begun to pull back after
rallying off of a low-level base. Look for a buying opportunity on any
resumption of strength.

Looking Ahead

Once
again, the meats, mentioned recently, continue to new highs. If
they pull back over the next few days, they may set up as buys. 

Best of luck with
your trading on Monday!

face=”Arial, Helvetica”>Dave Landry

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