Published by : Mike Seery

When Will The Hog Market Become A Buy ?
When Will The Hog Market Become A Buy ?

Lean Hog Futures—Hog futures in the February contract settled last Friday in Chicago at 68.17 while currently trading at 67.27 down about 90 points for the trading week ending on a sour note as this market remains weak despite bouncing off major support. In my opinion I’m looking at a possible bullish position as I’m currently not involved as I…

Coffee Prices Up Over 600 Points For Trading Week
Coffee Prices Up Over 600 Points For Trading Week

Coffee Futures—Coffee futures in the March contract settled last Friday in New York at 119.05 a pound while currently trading at 125.30 up over 600 points for the trading week as prices have now hit a 1-year high. Coffee prices have traded higher 6 out of the last 7 trading sessions as dryness in the country of Brazil has sparked…

Limit Up/Limit Down Trading Theory
Limit Up/Limit Down Trading Theory

TRADING THEORY—This is an outstanding rule to understand as when a market trades limit down such as what cotton did in today’s trading session that tells you there is a high probability that prices will open lower on the open in tomorrow’s trading session as buying limit down is a fool’s game. Remember when a market closes limit down there…

Cotton Prices Unchanged For The Trading Week
Cotton Prices Unchanged For The Trading Week

Cotton Futures—Cotton futures in the March contract is currently trading at 65.38 after settling last Friday in New York at 65.36 basically unchanged for the week.  I’ve been recommending a bearish position from the 65.00 level and if you took that trade continue to place the stop loss above the 10 day high which now stands at 66.14 on a…

Are Cattle Prices Going Lower ?
Are Cattle Prices Going Lower ?

Live Cattle Futures—Live cattle futures in the February contract settled last Friday in Chicago at 126.20 while currently trading at 124.55 down about a 165 points for the trading week as prices look to break out of a 5-week consolidation pattern in my opinion. I will be recommending a short position if prices close below 123.12 which was hit on…

Soybean Prices Higher 4th Day In A Row
Soybean Prices Higher 4th Day In A Row

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I Remain Bullish Sugar Prices
I Remain Bullish Sugar Prices

Sugar Futures—Sugar futures in the March contract is trading higher for the 4th consecutive session after settling last Friday in New York at 12.94 while currently trading at 13.16 up about 22 points for the week continuing it’s very low volatility. Prices continually grind higher on a weekly basis and if you take a look at the daily chart the…

S&P 500 Ends Week On Positive Note
S&P 500 Ends Week On Positive Note

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Never add to a losing position !
Never add to a losing position !

TRADING THEORY—This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from. Never add to a losing position because if the position continues to go against you and now you have added even more contracts which are all losing money your account will suffer loses much more than…

Time To Exit The Mexican Peso
Time To Exit The Mexican Peso

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