ARP here,
I will jump right in. There are a lot of Olives I am looking for. The Volatility creates risk, but olive opportunities as well.
Fridays can be interesting days for the trade. In addition we can look for setups into the next week.
STOCKS
I have put out a Olive Line sell in the Dow at 26170. Could we have a big Friday down day. We will see. Use a stop.
I have indicated I am outright bearish stocks. (aug 29) I issued Olive Line sells.
I like short dow, nasdq, s and p
AG’s
I have indicated Olive Line buys in KC wheat at 511,
Dec chicago wheat Olive Line buys 506,
I like corn and think it is cheap at present levels,
The USDA report next wednesday could be the key day to turn.
Olive lines down to 355 present potential long opportunity.
The 355 represents last weeks low. I am recommending close stops. We keep loosers small that way.
Try to play for the longer term opportunities.
Quantify your risk.
Soy- I have olive line buys in the may beans at 868, place a tight stop 3-4 cents under the buy.
The Olives can help with chart levels. Good risk management required
I am watching both the Bean Oil for Olive Buys below the Market, The meal for sells above the market.
The funds have tried to stay long meal here. I don’t understand why.
ENERGY
My Olive sell recommendations got stopped out based on the recommendations.
I will work to assist you with chart pattern recognition. Based on my Olive Line information.
Lets have a exchange of ideas call and see if the Olive can assist you in your daily plan
ARP Alan Palmer
Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.
[email protected]
Alan R. Palmer
Sr. Strategist
Direct: 1 312 957 8248
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