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Stocks Cave into Olive BUY? Dow SPUs, NASD


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ARP HERE,
All Opinions,News, Items of the day as I see them.
Yesterday hit OLBs, big bounce. This is live and volatile, use stops always to stop the risk.

MEATS
FCX held a green algo, The first time down at last weeks low,place a stop below the low level.
The cash traded 114,then 115 in kc
I suggest not looking at the fundamentals,and play the olive line levels with stops. This can be difficult.
CME pit talk on fri was OPTIONS in the lcz.
there was a large player who bought 1500 calls and sold puts.
Could this represent value ?

GRAINS
KC, you know the suggested levels I have been talking about. 510-512.
Option lows may be in place with the break in KC.
CORN - 361 dec was a nice short cover hedge, Over 370 dec and up for swings short sale.
375 OLS small.
BEANS - 843 long term trendlines. 850 nov could be a bullish buy opportunity,trade small.
We know the facts, the US beans are the cheapest in the world.

STOCKS
Fri was a double banger of a day. Open lower and rally early.Made new lows early triggering a olive line buy at 09.
Spus ralliee to a green line, then fell after the close of the grains
Two sided days are viewed as opportunities,

INSIGHTS
Trade markets with tight risk stops.
When markets go verticle a Olive Line can be your assistance.
It is my belief that 30% moves could become commonplace.
A move that used to take a year can happen in months now
Give a call to talk levels and markets.

Alan

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.

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

arp@WalshTrading.com

Alan R. Palmer

Sr. Strategist

Direct: 1 312 957 8248

https://portal.straitsfinancial.com/user/register.aspx?brokerid=268

WALSH TRADING INC.

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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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