Thursday Macro wrapup, Oilshare etc.

Alan PalmerGeneral Commentary, Grains, Livestock, Stocks

Farmers and Traders, Speculators and day traders,

Something for everyone so if your serious about trading let’s chat on how I can clean up some of your slop (slippage).  The patterns my high end software that can help my customers detects consecutive patterns for a host of reasons. 1. Stay out of the way like meats on way up. 2. Ride the wave that the funds are buying for example or blowing out shorts.  The liquidation trade is as good as any trade out there.  When they are stuck short, I was always there in the trading pit to help the farmers with high balls to get beans moving higher.

Oilshare is my favorite right now.  Up from 33.80’s July,now 35.26 in Aug, they were about the same and I am rolling contracts.  In Aug OSQ more than 10 ticks ish higher could see an explosion upward in price.  Long 5 oil by 3 meal.  I could see this busting out up on a Friday.  Not prediction but one of these is at a yearly which is powerful in my bag of tools.  One oilshare was worth $1800 today, 5 by 3.  Not for faint of heart and now this is on the run up.  You buy my levels or take a pass depending on your risk profile.

Mother olive buy last year 27.40 July off memory, it kissed and took off up. Wave 2 anybody?

 

 

arp@walshtrading.com

Stocks- Old establishment will have to be pulled out of Washington by the head of hair because they ain’t leaving.  Draining the Swamp has been suggested that this will have to happen.  Only Trump can take such a task in my opinion but what do I know.  I think they all stink.  Can I say that?

Sugar buy levels if looking to buy. Stops must be used always.

Stocks immediately came working back, notice the consecutive pattern here.  If you don’t see it, we should talk next week. Are some more Geo Soros’ still short?  Remember that by election?  I do.

312.957.8248

tiny tiny olive buy is all bulls needed today. Don’t short sell this yet. Don’t worry, I’ll give the signal. I’m a great bear and used to be biggest in the Dow futures pit at the beginning, 1999 was it? 97? Nasdog.com was my site before this.

 

 

 

 

 

j

MEATS- CHART ONLY, trendlines are killers to have in yoru pocket.  When you have a feel that jives, go with it.  Colored lines are conditional and specialized in this trading software, all custom tweaks get you there.