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Aug Feeder Cattle.
- Thread starter Sandor54
- Start date
Quote from criveratrading:
looks like feeders now plus 2 for the august position and fats the same.
on another note, oh so very tempted to buy a bull call spread on corn. question is: have fundamentals changed to the point where we will get 160-170 yields and ballooning ending stocks to quench demand ? seems weather and hence pollination are near perfect . but july and august might have some surprises. technically this is sort of where we should stop , no?
I have been very bullish on wheat when it was oversold a week or so ago but less bullish on corn.
Calls and call spreads are my preferred strategy as I think we could see more downside but higher prices by the end of summer. Yields may very well be 160 bu. or higher but I don't see balloning ending stocks. I feel like fundamentals should have Dec corn at harvest somewhere above $2.60. It was just a month ago we were talking about how the risk in corn was to the upside.
long 260/300 dec corn call spread. 7.25 cents
Quote from criveratrading:
long 260/300 dec corn call spread. 7.25 cents
Good luck, I just hope I don't get any blame if we get bombed in corn.
I do think your trade captures the essence of what is going on in corn and though I have been more bullish on wheat I do think we will see higher prices for corn this summer.
call spreads in wheat, not so cheap tho. agreed that crappy crop conditions a better driver in wheat than rosy conditions in corn.
Quote from criveratrading:
call spreads in wheat, not so cheap tho. agreed that crappy crop conditions a better driver in wheat than rosy conditions in corn.
Absolutely, I wouldn't enter wheat now but I was bullish on it and the fundamental fully support these prices.
Hopefully corn can stage a rally into July.
traderaaa,
i'm quite interested in following up on the Demark countdown. Back when I used to trade S&P's and bonds etc we used to do "day counts" to ascertain cycle bottoms and tops. Can you expand?
Second, how do I run those indicators ? I only have an acct with IB and Man futures and can run Medved quote tracker. Is there anyway that I can run the software or system? I used to run Clayburg-Dore exhaustion point software on Dow Futures on my colleagues tradestation. Familiar with the system?
Love to know when markets, on a daily timeframe begin to enter one of the signals as you pointed out for wheat/sugar/corn.
I wonder when the system will flag it for Feeders and Fats.
I am also going to try and employ the Demark countdown system using option spreads. Tired of not being able to define my downside with outright futures.
Any help appreciated.
By the way, I think the bonds are bottoming, but that's another story.
i'm quite interested in following up on the Demark countdown. Back when I used to trade S&P's and bonds etc we used to do "day counts" to ascertain cycle bottoms and tops. Can you expand?
Second, how do I run those indicators ? I only have an acct with IB and Man futures and can run Medved quote tracker. Is there anyway that I can run the software or system? I used to run Clayburg-Dore exhaustion point software on Dow Futures on my colleagues tradestation. Familiar with the system?
Love to know when markets, on a daily timeframe begin to enter one of the signals as you pointed out for wheat/sugar/corn.
I wonder when the system will flag it for Feeders and Fats.
I am also going to try and employ the Demark countdown system using option spreads. Tired of not being able to define my downside with outright futures.
Any help appreciated.
By the way, I think the bonds are bottoming, but that's another story.
HA. found how to run it in bloomberg. according to this we are in day 5 of corn and sugar is still in a long phase.
and live cattle is in count 10. approaching 13 for the short
You are correct on those counts.
Feeder cattle is in a sell countdown and very near a point of buying exhaustion.
The only way I know to calculate DeMark TD sequential and countdowns is with a custom C>C[4] etc indicator I built for TradeStation.
You can do it by hand also.
I too think bonds are bottoming and am long TLT and looking at 2 yr. duration treasuries as a nice yield play with potential for appreciation if we see a global slowdown.
Feeder cattle is in a sell countdown and very near a point of buying exhaustion.
The only way I know to calculate DeMark TD sequential and countdowns is with a custom C>C[4] etc indicator I built for TradeStation.
You can do it by hand also.
I too think bonds are bottoming and am long TLT and looking at 2 yr. duration treasuries as a nice yield play with potential for appreciation if we see a global slowdown.