Stopped ouf of the short futures position in Feeder Cattle after trailing the stop loss once.
Entered into a new short futures position in Feeder Cattle.
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Beyond the Spotlight for the week of January 28, 2019 covers the Natural Gas, Soybeans, and Feeder Cattle markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
We are seeing some reversal price action this morning in feeder cattle
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August will soon be over and I released my latest guide on markets to trade heading into the end of summer…get your complimentary copy today!
HEAD AND SHOULDERS…
20-50-90 day moving averages…
Trendline that began in February…
From a positive perspective, the latest US nonfarm payroll readings have extended the slow, gradual improvement in the economy.
In retrospect, the recent sharp declines in equity prices and significant pressure on industrial commodities were justified by disappointing US scheduled data and the Fed’s move to notch interest rates upward.