Friday wrap, Inflation, higher rates

Alan PalmerGeneral Commentary

GOOD MORNING, The following represents my thoughts , opinions, and the market chatter I pick up,

So, It is my belief that knowing or thinking one knows where we are in a given cycle can assist in a long term thought.

Then The Olive Line can assist in smoothing out the trading levels.

I have been bullish Inflation for quite some time now. This leads to my long term bearish bond outlook.

It is also my personal belief that this inflation could help money drift back into AG Investments on the board.

* COCOA olive buy freefall alert 2004 dec. call for levels below.

Coffee 100.30 was a level the market needed to get over, now 108 ish.

AG, GRAINS

Corn – In my opinion corn is Dirt Cheap under $360 bu. The Last outside down was in analysts face quickly.

I Am not listening to any chatter only looking at the Olive Line.

The next target up basis dec could be 375, Then $4.00

I suggest to you livestock producers buy any small breaks and cover needs.

Not many interested yet in playing for harvest lows. We recommend stops.

WHEAT – kc wheat – Ticking buy over 531,

chi wheat dec 520.75 is a olive buy. Many neckline sequences highercould trigger a double up long position.

call for levels. I recommend 5 cent stop risk if second units are hit. Looking to run with the bulls if triggered.

I recommend trading a bit smaller now,risk is way up. USE STOPS

OATS – The oats have rallied approx 40 cents quickly. There are some dec olive line sells up here.

This is a example of a market that studdered then blasted higher on algo’s in my opinion.

Call for sell numbers. 294.5, 291, 293.

LIVESTOCK

The same story. Sell lc back months higher,call for levels. The LC J did print a Olive line sell, There is another above along with resistance.

FEEDERS- The front contracts are over the OLS , The OLS now becomes the low.Call for some detail. There is alot to consider in the cattle.

I am looking at some potential swing trades in the stocks. SP ,Nasdaq, Dow,call to discuss TRADING levels. NASD broke 300+ in last week. I think levels were cited.

Best,

ARP

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.

Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.

arp@WalshTrading.com

Alan R. Palmer

Sr. Strategist

Direct: 1 312 957 8248