I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Live and Feeder Cattle posted lower lows and lower highs on Thursday. The overall trends are still bullish, fundamentally and technically, I think, but they seem like they’re running out of momentum to the upside. Feeders are very close to generating a bearish signal on my charts, with Live Cattle not far behind. Lean Hogs had an inside trading day yesterday, but did post mild gains. Some of the Grains reversed higher yesterday, with Corn, Soymeal and Soybeans putting up positive closes. Bean Oil finally filled in the price gap from June 13-14th. Wheat continues to grind lower.
Today my charts indicate new trade signals in Coffee, S&P 500, Nasdaq, Dow Jones and Crude Oil futures.