Stocks CAVE- OLB hit. Dow NASD SPU

Alan PalmerGeneral Commentary

ARP HERE,
All Opinions,News, Items of the day as I see them.
MEATS
FCX held a green algo, The first time down at last weeks low,place a stop below the low level.
The cash traded 114,then 115 in kc
I suggest not looking at the fundamentals,and play the olive line levels with stops. This can be difficult.
CME pit talk on fri was OPTIONS in the lcz.
there was a large player who bought 1500 calls and sold puts.
Could this represent value ?
GRAINS
KC, you know the suggested levels I have been talking about. 510-512.
Option lows may be in place with the break in KC.
CORN – 361 dec was a nice short cover hedge, Over 370 dec and up for swings short sale.
375 OLS small.
BEANS – 843 long term trendlines. 850 nov could be a bullish buy opportunity,trade small.
We know the facts, the US beans are the cheapest in the world.
STOCKS
Fri was a double banger of a day. Open lower and rally early.Made new lows early triggering a olive line buy at 09.
Spus ralliee to a green line, then fell after the close of the grains
Two sided days are viewed as opportunities,
INSIGHTS
Trade markets with tight risk stops.
When markets go vertical a Olive Line  can be your assistance.
It is my belief that 30% moves could become commonplace.
A move that used to take a year can happen in months now
Give a call to talk levels and markets.
Alan