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December Cattle Daily Numbers & Trade Ideas for 11/23/09


This report was sent to subscribers on 11/21/09 8:00 a.m. Chicago time to be used for trading on 11/23/09. Everything is done by Howard Tyllas, no program or black box.

December Cattle

After the close on 11/23/09: My pivot acted as resistance and was 84.15, .32 from the actual high, and my pivot was also support and was 84.15, .40 from the actual low. This rotation around the pivot tells me the market is looking for direction. 

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86.35 FG XX            Buy Stops Above

85.42                         Key Resistance (DT Line)

--------------84.15      Pivot

82.87                       

  

 

      

Trend                         88.20 is the 200 day MA

5 day chart........   Up from last week same day                                                           

Daily chart   ..........Down        

Weekly chart ........ Sideways   

Monthly chart ......  Sideways

ATR .92                    Balanced 46%  

December Cattle Chart

December Cattle for 11/23/09

I adjusted the red downtrend line to find resistance near 85.42, last week's low supports at 82.95.

In my daily numbers on Friday; my resistance was 0.07 from the actual high, my pivot acted as support and was 0.07 from the actual low. 

  Cattle: Numbers were spot on! Chart is improving and the bulls want to test the downtrend line resistances. Downtrend line should be solid at 85.42.

Want to know what I think for tomorrow?   

 The 9 markets now covered daily are November soybeans, December corn, December crude oil, December S&P, December Euro FX, December 30 yr TBond, December gold, December natural gas, and December cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.


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About the author


Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA). I am the President of Futures Flight, an Introducing Broker (IB) for MF Global,   and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

I day traded from 2000-2002 for Schoenfeld Securities (a major proprietary trade firm), and then continued to trade at Sheppard Int. for Jump Trading, LLC. I concentrated on the emini S&P and NASDAQ, trading them “upstairs” on a screen. One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 34 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will. For you, I will be a personal trainer, coach, mentor, overseer, market strategist, consultant, and advisor. 
I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me howardtyllas@howardtyllas.com  

Visit my website www.farmerhedge.com

                         http://www.howardtyllas.com                           

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