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Stocks Studder Stop Again, HOGS- OLS Feb,


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Good New High Meat Day,

All rumors, news and not, levels guesses (hopefully educated) levels and ideas to cut through the hype in commodities today.


(Most of this was late weds comment)

SPUS ARE LIVE 2910, play 3 handle stop imo. Cotton JULY DEC powder blue 1.33. live

June hogs small OLB 94.29 LIVE

HOGS- Ok we have seen this before where they sell the heck out of the box. HEM had tiny OLBs buys 94.59 which is why we need to scatter the field with these plays, a 3min chart immediately went to buy pattern to 96.48 red for 2bars highs, now over a touch. FEB HOGS A CHUGGING higher. 89.72 new highs now. I DO HAVE olive sells. Seriously in back month FCF I have an OLS by the high. Other FC I would not sell. AUG FC- We are seeing this drift up. If we can close over my OLS here I do have rules. Higher lows is live so.

Thanks for all the meat talk education, rolling forward, etc. I think right now we can see I can point these out early like how I have said last few weeks about the spreads are going to get wild. Now let me tell you why we avg out when I will have levels every 300 or 400 apart. I do not have a lot of noise with my system. My job is to give you the stones at these levels and explain risk bets. LETS SEE IF FEB breaks big by the OLS. You need to get good charts to get better perspective on your industry trade.

FEEDERS- MELT-UP- Now while I am a nervous nilly, which was part of my problem on the trading floor if, IF feeders break this 159.60, 1st by taking prev low bar out which still hasnt happened, 1137am. This is an important area. We are looking due to fundamentals opinions for this TO VIOLATE MY 159.80 GOOOD TOP 1ST TIME, OLS. If over some interesting characteristics of OLS VIO. Sell turns violated to upside can be powerful to upside. Pattern intact higher. Well see. A Squeeze in Feeders? Makes sense right? Feeders closed after mkt new high top tick. Pro Shorts? MAY FC 150 off highs. Over? FCQ 153-ish so call. OH YEAH Are Ranchers all hedged up? To me this is a breakout to upside maybe in big way.

CATTLE- LCZ NEW HIGHS does have OLS 124 124.40 if looking to book gains this week into, before Friday and buy a sharp break? Oh yeah, this time its going to run. Snickering

LUMBER- DO OR DIE, new low stop is guess. Bullish dope, mort applications biggest since 2010. Bigger fish to fry? $470 is that what Josh and Lunney had?

BONDS- That TL held lows, 11 ticks higher. Its a line or level that is calculated.

Corn Calls worthless. A good throw $500 away while futures come to levels, DEC live in corn. SOYMEAL- here we are. 307.00 ish is big. We wipe out a crop of pigs and the world ends, hype? Beef up down road right?

Old Pit stuff. Another is titles bean pit imo.

https://www.youtube.com/watch?v=A_mT-VXKYxE

Alan Palmer

HighGround Trading LLC
425 S. Financial Place Suite 2301
Chicago, IL 60605
312-870-1184

AlanP@HighGroundTrading.com
www.highgroundtrading.com

https://accountforms.rcgdirect.com/default.aspx



HighGround Trading, LLC (HGT) is a registered Introducing Broker (IB) registered under United States Laws. HGT makes no representations or warranties regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. Nothing contained herein shall be construed as a recommendation to buy or sell commodity futures or options on futures. This communication is intended for the sole use of the intended recipient. HGT is a member of the National Futures Association.

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 HGT shall be construed as a solicitation for entering into a derivatives transaction. HGT does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.

Alan Palmer

HighGround Trading LLC
425 S. Financial Place Suite 2301
Chicago, IL 60605
312-870-1184

AlanP@HighGroundTrading.com
www.highgroundtrading.com

https://accountforms.rcgdirect.com/default.aspx



HighGround Trading, LLC (HGT) is a registered Introducing Broker (IB) registered under United States Laws. HGT makes no representations or warranties regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. Nothing contained herein shall be construed as a recommendation to buy or sell commodity futures or options on futures. This communication is intended for the sole use of the intended recipient. HGT is a member of the National Futures Association.

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 HGT shall be construed as a solicitation for entering into a derivatives transaction. HGT does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.



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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.  S-3 registration.

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 Alans 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 Bachelors 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 is the founder of NASDOG.com, an independent Paid research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings, levels. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

 

contributing author since 12/03/2017

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