The March Feeder Cattle contract has fired 2 Day ROC Sell, 90-10 Low Continuation & Reversal, and High Breakout Continuation Setup signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor further downside in today's early trading. Look for an opportunity to sell the break of yesterday's 153.600 low, or even earlier if price demonstrates weakness below the 154.175 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 152.950 or the Extended Low Range Projection level of 152.350 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low.

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The February Lean Hogs contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, and the larger trend is to higher price. Odds favor further downside in early morning trade. Sell the break of yesterday's 85.625 low with a stop just above the 86.350 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, however, tells us to change our bias to the upside if the day's first hour high happens to be taken out.

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The August Lean Hogs contract has fired 90-10 High Continuation and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation signal is fired when the day's trading closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked, but the larger trend is to lower prices. Odds favor further upside in early morning trade. Buy the break of yesterday's 88.325 high with a stop just below the 88.300 level of the Daily Pivot. Price strength above the Daily Pivot may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside.

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The May Feeder Cattle contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, but both the larger and the more immediate trends are to lower prices. Odds favor further downside in early morning trade. Sell the break of yesterday's 147.850 low with a stop just above the 149.025 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.

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The June Lean Hogs contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of Friday's 85.825 low, or even earlier if price demonstrates weakness below the 85.875 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 85.325 or the Extended Low Range Projection level of 84.900 would be likely areas for such a reversal to take place, as would a test and failure of Friday's low.

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.