What’s Up, What’s Down: Spotlight on Meats
Comments for February 25, 2011
Looking ahead to Friday by reflecting back on Thursday’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
DID HOGS HAVE A KEY REVERSAL LAST WEEK?
MEATS: 2/25/11: Lower for live and feeder cattle along with lean hogs. Cattle remains higher overall but has been basically trading sideways since the beginning of January(April contract). The feeders settled slighlty lower but remain more bullish technically than the cattle. For the life of me I don’t know why I had a sell listed for the feeders when they’ve been a buy since February 14th. Hogs made their lowest low and close since January 26th giving me a SELL SIGNAL. Don’t forget hogs appear to have made a key reversal on February 16th and hasn’t recovered technically since then. BUY SIGNALS FOR LIVE AND FEEDER CATTLE. SELL SIGNAL FOR LEAN HOGS. CALL FOR DETAILS!
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 ralexander@zaner.com 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.