Turtles, Hogs and Corn
Marc Dupee will be out of the office until
October 9. In his absence, this column is being written by TradersWire’s Duke
Heberlein.
The December S&P Futures
(
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PowerRating), mentioned by Dave Landry Wednesday
evening, triggered a Turtle
Soup Plus One Buy early in Thursday’s trading before pulling back slightly.
Traders could be looking for additional follow through to the upside in the
spoos in the upcoming trading sessions.
October lean hogs
(
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PowerRating), from the Pullback
From Highs List, are dangerously close to rallying out of their first
pullback after rising up from major lows.
Finally, corn
(
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PowerRating), off the Momentum-5
List, is beginning to pull back after breaking out from its trading range. It
is also on the 6/100
Low Volatility List, so it could be setting up for a large move.