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Wheat, Meal, Feeders, have we turned?


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Good Wednesday

A review of the recent 5% swings perhaps.
ALERT - S and P's, Dow, and Nasdaq all have hit my olive line extremes.
1 st Time Down. This is my condition live.
Does the stock complex bounce back to the highs in late December.
If you were waiting to buy monday, when the depth of TV hype was happening.
We hit olive Line Buy Levels.
** DISCLAIMER ALERT ** This can be like catching a falling knife, You must Use stops in these markets
This Volatility can create risk and opportunity. As I have said I believe that we will witness
many extreme moves in the near and longer term. give me a call for specific levels.
It appears the lows could be in,I am off the bearish outlook.

GRAINS
KC WHEAT is on high alert. looking for a buy
Soybeans - I am looking for OLB with a tight 2 cent risk stop

Lessons
Do you want to trade off of well constructed lines ?
Do you use stops to protect your risk capital ?
It is important to know our place in this business, humility.
Have you considered day trading instead of long term trading ?

I suggest to customers as we build a relationship so you know where the levels are solid enough to use stops.
Please review the Olive Line signals from monday. When the Chaotic Algo Timeframes are hitting,that is where the Olive Line may assist.
When I traded on the floor I felt best and traded my best when I would go home flat.You can move quickly the next day.
When you come in the day flat like the flat algos I study, You come in Fresh.
I dont want you to need to defend a loosing position.

Think about coming on board and give the Olive Line an opportunity. Like SPUs 2609-ish Monday.

Best Of Trading
ARP

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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Chicago, Illinois 60604

www.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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