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Grains, consecutive down, Stocks, Softs


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EQUITIES - STOCKS It is my belief we may be in " The beggar they neighbor economic cycle ". I cant remember seeing action in the US like this. Perhaps in Europe and China. US stocks,I put out a OLS in the nasdaq100 at 7685. Nasdaq now has OLB below the market give a call for levels.
Nasdaq - I have a saying or thought, "what we are witnessing here possibly is who is swimming naked(leveraged) long the stocks.It is my opinion when stocks get to a high PE ratio momentum players continue to buy. This could create a bubble scenario. I have been citing things that make sense or stick out to me in stocks as a ex floor trader. There will be many Olive Line opportunities as the volatility picks up . Feel free to call for a dialogue regarding specific plans that may assist you.

GRAINS - KC wheat I am watching now the 493 level. This break may present a nice opportunity to build into a long position. It feels to me in wheat that perhaps someone big is long. The margin clerk can help force liquidation. This can create a longer term opportunity. There are no guarantees. Use a stop.
CORN - This is on my OLB list as we break. The potential yield trim that may come in the Nov USDA report does not affect today. It is my opinion to have a good list of things to buy when they throw out the kitchen sink. These are old adages that can be thought of.

SOFTS - Coffee over 124.20-126 represent OLS,
Sugar is a live OLS
Cocoa playing the wide macro tl's here at extremes.
OJ Olive LB hit 136 market trades up to 141 , The orders and stops should be placed early as the trades can come fast.

THOUGHTS
It is Important to trade with a properly funded account. rainy day opportunities do come along.
Certain math based levels can be out of step in my opinion. This can also create a panic exit. My Olive Line is my own algo level.
many people have good ideas , a plan is always needed and money management, I attempt to offer this.
The losses need to be a small %, every trader has them.

Perhaps this is some first time ever bullish thoughts.
Farmers to hedge your risk give me a call and lets talk
arp@walshtrading.com
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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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