rounded corner
rounded corner
top border

Pre ECB today, Spus vertical down? 30 Bonds

Bookmark and Share

When you ask yourself why today did bonds back all the way up to 3% ish up from a major half way back cash of 2.65% in rather fast order.

10 year note yields just went up 10%. This event seems like it could start to unfold maybe tomorrow so stay tuned. This may also be the safest time to trade as has been mused in the past on USDA, COF reports etc. Coffee is live on buy side to me as funds sold about 15,000 new shorts. Do you need to sit on the doctors couch? Have you been short stocks without a stop? Hang on we may have something soon here. Trump might turn trumpbuster with tech and RX. Both sectors out of control corporate welfare babies but that is not for here now.

LCZ- dec cattle, 119.80, 120.60-ish major hook, top, turn level to me. These are decent olive line sells with stops over according to your trader profile. Now more than .80cents because we may need to reload but this is in downward pattern meaning this may be quiet selling. The last two days has some large buyer early in day. Low of day connected those two dots. We are not staying in this area for long imo. Sign up for my daily voice emails.

Dec Hogs somewhat sloppy if bearish but still respectable sell level for swing traders. Give me a 3 min call and you can try my levels if I have any. We dont stay here long either. My stop level would be over 65.20. This is only if bearish these might be your levels.

LUMBER- Over $430. Hang on folks we are in olive territory for a turn but this tiny contract needs some consultation and may be beyond your trading profile. Keep an eye on this if involved in this industry. Timber yards turning down shipments? Interesting but if true, then this seems more hypey and ripe for a vertical downstoke.

Crude oil fails again 52.50-ish after stop overnight searching. Are funds getting loaded long up here again? I think it is important to trade each market separate. I advise not thinking of multiple market moving together. This will become more disjointed with more violent price swings upon this US Default threat around the corner.

The threat is real and too many people discount this disconnect. Inequality is all time wide. US homeownership at all time record low. Workforce participation new lows and about to fall off cliff in my opinion. Technology is cannibalizing all human workforce, hours, you pick the figure.

Pick a trade, use an open order correctly placed stop and relax. NASD broke 2%, 120 handles so lets get ready because opportunities will come and go fast. You either take the trade or take a pass.

Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.


Alan R. Palmer

Sr. Strategist

Direct: 1 312 957 8248

Fax: 1 312 256 0109


53 West Jackson Boulevard, Suite 750

Chicago, Illinois 60604

Join My Mailing List

Walsh Trading, Inc. is registered as an Independent Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
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.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (WTI) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.

Recent articles from this author

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.

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 Alan’s 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 Bachelor’s 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 was the founder of, an independent research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

Contact Alan:
Phone: 312.957.8248 or 888.391.7894

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2018, a product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy