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Coffee, Meats, Inflection point


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Cattle- 120.65 is very big level to me. This is where I find players out of step (short covering). FEB APRIL are different and violating but Feb has short term targets here at time of print. FEB today- 125.87 and 126.35 are targets and live now.

HOGS- We are not staying here 65.16, and the now old 64.40 are levels to watch. This is also an OLS also which is uncommon. Back months are different so no short opinion in the backs. Olives work in spreads at extremes. Can we break hard? I think this is as good a spot as any which means this is my level to play. If flat and looking to short? Sold! If this is violated this says to me we go possibly much higher so always use a stop and get good placement areas or call. 312.957.8248 arp@walshtrading.com

Above this might appear to be a short squeeze. I am not familar with the fundamental dop on these meats so be careful and use tight stops.

Wheat- $4.30 is a level. Today baffles people as corn is stronger today to wheat and corn has the monster harvest. I believe players are buying in big size and money managers are buying from the Farmers in my opinion. Corn has apex 350-ish round up and round down but I prefer if speculating to sit this out. Corn is cheap under $3.40 and low was made on a USDA again.

US Dollar- 94.20 is the only level I have that I have said for weeks that over this might be were shorts run for cover.

Safest time to trade seems to be right before or on reports. Some charts are posted on Walsh.

Coffee- How many times can we hold my 123.00 level which has 3 indicators and funds are really selling coffee short. I like this type of trade. I like tight stops and have been open about that level. If you like to risk 100 and can leave a stop in then feel free to give me a call before the chaos breaks out from a dysfunctional Washington that has no idea of the real World. This feels like it could explode higher in price at any time. Inflation play? Lets chat for 5. Need courage? Keep tight stops and dont look at the trading screen. This is how this behavioral science works as big volume (stop loss) occurs on the way to the olive line. This was my nemesis that used to take me out right before major turns for decades on the trading floor. I had to find something that caught emotion in the markets, big volume, fast vertical price moves but that was a touch more long term.

US dollar

American dream of homeownership is at a record low along with workforce (dont split hairs) falling off the cliff because mom and pops cannot compete with AMZN that pays no income tax. It is written off in R&D tax credit corporate welfare. Have you ever asked why cities are offering this company that is a monopoly that sell 45% of all ecommerce.

Is this the reason the US is in budget default sequester? I concur.



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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.

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 Nasdog.com, 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
Email: arp@walshtrading.com

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