ARP
Learn to disregard news stories that can’t assist your trading. This morning it was reported by Bloomberg news that China is taking out ads in the Des Moines register to influence the farm lobby in Iowa. In Rural America. This is getting crazy in my opinion.
Last week Rick Santelli of CNBC spoke about the Central Bank telling parliament Brexit could potentially cause a 40% in the real estate market in Britain.
His point was this type of rhetoric is unprecedented.
STOCKS
Stocks violated dow OLS. This violated my sell signals. I don’t want to be short all time highs. Respect the upside for now.
LIVESTOCK
Start out lower and look to buy?
We were at olive line sells last week FC and LC 117.40.
This is a important area to respect.
INTEREST RATES
Bonds olive line buy 139.23. This a area that needs to hold or bonds go lower and interest rates higher in my opinion.
GRAINS
The funds are short approx 163 t contracts. I have recommended length for users in the 350 area.
Corn may have bottomed.
I favor the long side of KC Wheat
ARP
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