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One does not determine the price of tuition, in the game of Speculation.


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Speculators and Producers,

All opinions, news and not, levels ideas on how I see todays futures markets.

LIVE CATTLE-April- little dogfight up here 126 .LCG 125.60 only green resist. Very large buying the day after the pattern I said moving down last week. When these patterns are broken they can be explosive in volume. Expect unexpected. Price also moved baLIVE CATTLE-April- little dogfightck to the highs. Hey lotto 134 Call guy, maybe. What if China buys all the meat and beans? Braz weather?

Latest lean if happens and changes immediately for traders strategy.

Mute the News and wait. Let's see if we get Macro guidance but it may be swift. Little guys without stops, can become deer in headlights. You need a risk stop program. I can try to enhance that. Stops are where I used to get paid on the trading floor. Mindset folks.

Meanwhile LCJ is an Olive sell 12650 or 12750 area in January? Sell it and worry over 128.20.

CORN- high of day 381 today is T line we are walking down. Wait for it to get over is my opinion. Dont tire yourself out. MAY KC- over $5.21 right now but changes, OVER, might be where we rally.

Wheat- Watch this for first sign of buying. The BUY Trigger may be near, but walking down. I try to give clients ideas, not to chase. You might be ready to pull trigger on pullback, like the first confirmation over a line like I have in wheat.

CORN- ditto, 3.82-ish going down is what selling crowd is crowding trade. Stay tuned and get ready now. Need a discount, to make you move? SOLD.

Corn line 381

HOGS JUNE OLIVE BUY Alert 78.82, 7904 also TL today, HEG 61.45 org of 6020 OLB in DEC. Much under lows will look pretty bad for bulls, till next level.

KC CHGO WHEAT- DEC is positive +3c. Sometimes things in markets dont make cents. DEC- we are under highs from a few long term (negative) KC CHGO spreads of past. Years -14c ish last. Watch back over as these are all close. Call.

30 yr. Bonds- around 3.02%, recent low yield 2.92-ish on panic bulge few weeks ago. That's when you sell them especially when long bond bulls got paid for Christmas. You need to recognize when news hits. I teach clients to MUTE THE NEWS. One of you called and said it is what they are selling. Ideas, points etc. If looking to short bonds, call.

FEEDERS- Who knows. If you are interested in some levels or a broker give me a jingle for 5 forThe Exchange of Ideas.

OJ- in free-fall vertical down. 126 was fly buy. Next set of Olive buys upon request. They lose 5% fast in these situations don't they? Patience my son. I will tell you when you want to shoot em big. I will but don't get your balls, enough. I do perk up and tell you when I think its ready. Like those 'leveraged loans' citing I thought said sell sell sell stocks. Experience folks. Its too bad traders have to wait a whole cycle on these lessons.

Alan-ism--- One does not determine the price of tuition, in the game of Speculation.

Everything costs money.

COFFEE- stuck between macro lines 103-106-ish.

NATGASOLB2.67july01112019

Alan Palmer

HighGround Trading LLC
425 S. Financial Place Suite 2301
Chicago, IL 60605
312-870-1184

AlanP@HighGroundTrading.com

www.highgroundtrading.com

HighGround Trading, LLC (HGT) is a registered Introducing Broker (IB) registered under United States Laws. HGT makes no representations or warranties regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. Nothing contained herein shall be construed as a recommendation to buy or sell commodity futures or options on futures. This communication is intended for the sole use of the intended recipient. HGT is a member of the National Futures Association.

Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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NATGASOLB2.67july01112019



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About the author


Alan R. Palmer, Sr., is a successful independent trader and technical analyst specializing in agricultural, financial and stock index futures. He has worked primarily in the markets traded on the CME Group.  S-3 registration.

Alan started trading at the Chicago Board of Trade in 1986 in the 30-year U.S. Treasury bond pit as a local. In 1987, he bought his full membership the day of the historic crash and moved back to his passion, trading soybeans, and grains along with bonds and stocks.  Moving from pit to pit as market indicators dictated, Alan used his charting calculations to spot pivotal points as markets crossed key levels.  This acumen is Alans specialty and now he delivers this knowledge and experience to his customer base.  He offers a macro thought process to viewing markets and players as they act with predictive behavior acumen.

He began his career in the futures industry as a summer runner while thirteen on the floor of the CBOT in 1973 delivering orders and learning the rudimentary workings of the markets. He graduated from runner to phone clerk, delivery clerk during the Hunt silver squeeze, working for various brokerage firms. After earning a Bachelors degree from DePaul University while working full time, he began a career as a proprietary trader with Paul Tudor Jones, a world-renown money manager, where he perfected his technical analytical techniques.

Alan has appeared on CNBC, Bloomberg, CNN, and has been quoted in The Wall Street Journal, Chicago Tribune, Chicago Sun-Times, Bloomberg and Reuters newswires. He is the founder of NASDOG.com, an independent Paid research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings, levels. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

 

contributing author since 12/03/2017

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