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Rejon de Muerte ?: December Live Cattle

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December Live Cattle

Rejon de Muerto translates into the " lance of death" and refers to the sword used by the Matador to kill the bull. This swift and violent act has not yet transpired in the live cattle market but the blade has been drawn as the market approaches the wave high of 116.325. Once again the bulls fought off the mortal blow as prices held up at 116.525 in today's session rising modestly off the extreme to finish at 117.175 in post close action. Falling below 117 should setup another challenge of the level. The market will most likely find support just underneath at +/- 116.220 but the damage will have been inflicted in a technical sense with a violation what I have labeled a first wave high. A close beneath 116.200 should be seen as a negative as would a choppy non-impulsive rebound off the point. Underneath target zone comes in at +/- 112. On the other hand should the bulls hold their own and successfully display an advance of an impulsive nature off these recent lows it will most likely be setting up a at the overhead channel cross at roughly 122 in the coming days.

My analytical breakdown focuses on a blend of wave pattern recognition, long and short term geometrical extensions and momentum signal interpretation. Please feel free to contact me at Walsh Trading to discuss my technical approach. Employing my expert skill set Id be pleased to offer a free customized outlook for a product in your specific field.

John Lunney

Senior Technical Analyst

Walsh Trading

312 957 8108

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John Lunney began his trading career in 1989 as a clerk for IFO, the largest futures and futures options brokerage on the CME floor. Within one year, John was promoted to an executing floor broker responsible for handling large individual and institutional accounts. John’s knowledge of option theory and tactics quickly attracted a growing customer base. In 2000, John began exclusively trading futures and futures options for his own account. John later became a founding member of VI Capital, a proprietary trading company funded with personal and investor funds. At VI Capital, John was the director of risk management, technical analysis and strategy development. VI Capital realized multi digit returns over the course of 8 years of trading.

John has extensive trading experience in stock indexes, metals, commodities, energy and agriculture products. He believes that hard work reveals the best trading opportunities, and strong discipline creates consistent results. John possesses a unique ability to connect with customers, understand their goals, and work with them to create long and profitable relationships.

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Phone: 312-957-8108 or 888-391-7894

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