Lean Hogs

[Optionpro007]

This is the continuous front month weekly fyr.

 

[Optionpro007]

This the continuous high volume month weekly.

Isn't the macd divergence something to look into ?

 

[Buy1Sell2]

There aren't any divergences in these charts. A divergence is a lower low in price with higher trough in indicator. I suspect we'll bounce for a bit and then we'll have more weakness. I am much less than 1 to 1 leverage and so I can stand a large bounce and then add.

 

[Optionpro007]

Hope you are right. Thank you for your comments.

Quote from Buy1Sell2:

There aren't any divergences in these charts. A divergence is a lower low in price with higher trough in indicator. I suspect we'll bounce for a bit and then we'll have more weakness. I am much less than 1 to 1 leverage and so I can stand a large bounce and then add.

 

[Buy1Sell2]

My belief is that rallies should be sold in the Hogs for the time being.

 

[Optionpro007]

Hope you have changed your mind.. =)

Order to fill above 74.100 June Hogs in place.

 

[FullyArticulate]

Should have bought May hogs. Good grief, what happened? Limit up in only one month of hogs?

 

[Spectre2007]

lean hogs was one of only a few commdities that didnt share in the bull run of early 2000.

the others were:

1) coffee
2) 3month euro dollars
3) wheat
4) cotton
5) yen

feeder cattle and live cattle underperformed. And only recently possibly turning around. livestock as a whole might be turning.

 

[Spectre2007]

fractal pattern hogs.

 

[Spectre2007]

http://futures.tradingcharts.com/intraday/LH/47

strong move.