farmerisland

farmerisland

I haven't updated my cattle idea in awhile, but it's been trading like I figured, since Feb. We've now hit multiple technical targets in this pocket up here. I think there's a good chance we get a decent correction from here down to the 198-197 area, although it could easily retrace down lower, more violent and sharp with fund long covering and momentum. Long term...

farmerisland

This is a continuation of my recent first TV post a couple weeks ago. It looks even better confirmed now that the 208 area was our short to intermediate term top in cattle. There is a possibility it was THE top, if we close below our 189 wave 1 area, especially on a weekly basis for conservative confirmation. Then it'd be 2015 all over again, the likely confirmed...

farmerisland

Beans have been looking weak lately, and all this current and near future trade war fundamentals and uncertainty aren't going to help at all. Volatility is likely to go up this week across a lot of markets, and the ag commodities will certainly be part of that, with emotional fears from the last market crashing during the last Trump term. Beans especially didn't...

farmerisland

Here is my current view of LC. Like many others, I never thought it would get this high in the first place. But following and adapting with this runaway longwinded bull, the funds are very long and as they unwind (it already looks to have started), it's gonna be a sharp downward move. There's good support and technical retracement down around the 190 region, but...