SPECIFIC SITUATIONS YOU MIGHT BE IN
AUDIO COMMENTARY
Cattle new all-time high (target below audio)*
Live cattle haven’t broke out yet (chart below)*
What to do with cattle
Divergence between feeder & live cattle
Money wants to keep flowing in stocks & cattle
Don’t short cattle, hedge cattle
Flying blind on data in grain markets
Beans at major decision point (chart below)*
Wheat still coiling in wedge (chart below)*
I am waiting for a rally in wheat. Usually, every 3-4 months wheat provides an opportunity
Specific situations you might be in
If you have soybeans that you have to haul because yields are better than expected, just don’t strike out. Spread out that risk. Don’t chase home runs
What to do if you don’t have any storage
What to do if you have excess bushels
Should you be re-owning corn? If so, how?
What to do if you are forced to sell your corn
Why you should spread your risk out
Cattle, beans & wheat charts below audio*
Listen to today’s audio below
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CHART BREAKDOWNS
Nov Beans 🌱
We are RIGHT at the decision point.
This is where we find out if this bounce is simply a relief bounce, or the start of a larger rally.
If we are going to reject, it should be here.
If we close above the purple box, more often than not it would be an indication we are headed higher.
The top of the purple box reclaims 61.8% of the sell off. The most common spot for a relief bounce to reject.
So we should know soon what decision the market makes.
Nov Feeder 🐮
We broke out of this bullish pennant pattern we have been talking about.
Posting fresh all-time highs.
We continue to find life at the 50-day MA. It’s been an absolute floor the entire bull run.
The 50-day MA is going to be your warning sign this market is ready to roll over. Until then, you can’t help but lean higher.
The golden fib is at 377. I think that’s a reasonable target.
The golden fib equals 161.8% of the rally we saw from the bottom of the pennant to that late Sep top. I outlined this with the gray lines.
If we hit there, I think that will be a great opportunity to de-risk.
Dec Live 🐮
Live cattle is different than feeder.
We have not broken out of this recent downtrend yet.
If we break out, it should result in all-time highs like we saw in feeder.
Just like feeder, the warning sign is going to be the 50-day MA. If that ever breaks it could cause the flood gates to open much lower.
Dec Wheat 🌾
We are still coiling in this falling wedge.
Personally my bias still leans towards a break out.
If the break out comes, I think we should have room to run to $5.45
It hasn’t mattered yet, but we’ve been printing bullish divergence since August.
Prices are making new lows.
The RSI is not.
A sign downside momentum is getting weaker.
Past Sell or Protection Signals
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
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