TraderPlanet.com :: Commentaries tagged (lean-hogs)

Prepare for NFP 2/2/12

mbwealth, TraderPlanet.com — Thu, 02 Feb 2012 21:55:59 +0000

I think the number is fabricated but nonetheless it is market mover so prepare for tomorrow's jobs number.

As of this post Crude is lower by 1% about in the middle of today's range trading lower for the seventh consecutive day. I think we see an additional $3-4 retracement before we run into serious support. If that assumption is correct expect heating oil and RBOB to lose 10-15 cents. Hello volatility...with 7% moves on a daily basis up and down I no longer have the stomach for natural gas. ...

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The January Effect 1/31/12

mbwealth, TraderPlanet.com — Tue, 31 Jan 2012 20:46:36 +0000

With one month under our belt how is your 2012 looking?

RBOB, OJ, stocks, feeder cattle and all the metals were the upside movers in the month of January while natural gas was the only negative standout. Will these moves set the tone for trading in 2012?

The move lower has been minor but Crude has closed lower for the last four sessions. Today a $3 rally was rejected as prices will close just above $98 the lowest close in one week. I continue to get mixed signals and would suggest waiting for...

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Taking a Breath 1/25/12

mbwealth, TraderPlanet.com — Wed, 25 Jan 2012 20:46:01 +0000

I misread the recent action thinking we were approaching a turning point but now it appear the markets were just taking a breath and now the underlying moves are back on track....trade accordingly. Crude appears to be finding its footing as further sales are being rejected. With a settlement back above $100 I would become more friendly. On a close above $102 in March I then would be looking for buying opportunities thinking we get a new high...trade accordingly. I say a bottom is in on natura...

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Turning Point 1/24/12

mbwealth, TraderPlanet.com — Tue, 24 Jan 2012 22:08:15 +0000

Turing point...not today and probably not tomorrow but I would expect the equity market to give back its recent gains in the very near future. What that likely means is money out of stocks and into Treasuries and commodities...just an opinion. Crude remains in no man's land as prices could go either way in my opinion. My bias is leaning to the bullish side but I would prefer to be buyer on breaks. For instance I see solid support in March just under $94/barrel so long entries closer to that l...

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Looking Ahead 1/23/12

mbwealth, TraderPlanet.com — Mon, 23 Jan 2012 21:06:24 +0000

Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices reversed finishing 1.65% higher today. $1oo appears to be a magnet for pricing and until we get $3-4 north or south of that level expect sideways action to continue. I do not feel comfortable trading either side currently. A 9% appreciation in natural gas a...

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Protected: The Line in the Sand January 23, 2012

mbwealth, TraderPlanet.com — Sun, 22 Jan 2012 17:38:46 +0000

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A Straight Lineâ€¦ 1/19/12

mbwealth, TraderPlanet.com — Thu, 19 Jan 2012 22:15:28 +0000

Nothing included markets move in a straight line...stocks will not move higher in a straight line nor will natural gas move lower...all things must come to an end.

I am still in a holding pattern waiting for direction in Crude oil. We're still experiencing a tug of war in the distillates as RBOB was lower today and heating oil was higher...the reverse of previous sessions.

Natural gas was lower by 7% today making it 21% already in 2012..a rocky start! The reality is I still do not see signs ...

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