Will Lean Hogs Get Slaughtered?

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.


For you index traders, in light of the Cisco/Cephalon news, be careful of a
pop-up opening. In fact, for the nimble and brave only, this might offer a quick
shorting opportunity. Do not overstay your welcome though as the tape remains
strong. 

December wheat
(
WZ1 |
Quote |
Chart |
News |
PowerRating)
is set up as a pullback/cup and handle.

On the short side, December lean hogs
(
LHZ1 |
Quote |
Chart |
News |
PowerRating)
, mentioned Friday, appears
to be stalling at its .618 retracement.

Best of luck with
your trading on Tuesday!

face=”Arial, Helvetica”>Dave Landry

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

 

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