What’s Up, What’s Down: Spotlight on Meats
Comments for August 4, 2011
Looking ahead to Thursday by reflecting back on Wednesday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
WATCH NOVEMBER FEEDER CATTLE!
FUTURES AND OPTIONS TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. FUTURES AND OPTIONS TRADING IS NOT SUITABLE FOR ALL INVESTORS.
MEATS: 8/4/11 Higher closes yesterday for live cattle while lower for feeder cattle and lean hogs. The cattle, now in a resistance area, still look the weakest of the meat complex while the feeders are forming a potential large top. The hogs had a huge trading range rallying sharply off its lows to still settle lower but in the upper 25% of its range. BUY SIGNALS FOR FEEDER CATTLE ALONG WITH LEAN HOGS. SELL SIGNAL FOR LIVE CATTLE(DEC. CONTRACT).CALL FOR DETAILS!
“A good plan is like a roadmap; it shows the final destination and usually the best way to get there” (H. Stanley Judd). Traders need a trading plan too. Download my TRADING PLAN TEMPLATE by clicking this link or copying and pasting it into your browser:
Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at firstname.lastname@example.org or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.