LEONES
Long

Prepare the hogs for the summer season :)

CME:HEJ2013   LEAN HOGS FUTURES
269 22 1
High probability trade. HOGS tested the 79 support and parallel line on the 8 Mar. Price then moved up with high volumes and retraced for five days. Currently is back in the buy window. Hogs makes typically seasonal bottoms in mid march. Many factors are favoring the bulls. I would enter long above Friday high. In two-three days we should reach the target objective on the median line . If price falls below the 8 Mar low be ready to sell but I don't think it will happen.
How do other livestock charts look? Same formation .. -or- hogs the only strong player?
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LEONES PRO QuantitativeExhaustion
3 years ago
yes good point cattle is strong sell...need to see what happens tomorrow
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Good to know.. thanks. Need cattle and hogs to go up together for this trade to work.
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snapshot

Here are the lines looking at.
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LEONES PRO QuantitativeExhaustion
3 years ago
what is this COW? seems strongly going down
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Stock ETF for Hogs and Cattle
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Trades at a 3x multiple also has options
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snapshot


Broad picture
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LEONES PRO QuantitativeExhaustion
3 years ago
do you have a link for this ETF, to see the specs.
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http://etfdb.com/etf/COW/fact-sheet/
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LEONES PRO QuantitativeExhaustion
3 years ago
ok thank you interesting
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Do you have a chart of cattle u could post?
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LEONES PRO QuantitativeExhaustion
3 years ago
let me see
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Comment removed
LEONES PRO QuantitativeExhaustion
3 years ago
Cattle seems strong bear. Friday bar is quite strong with a close close to the day low.. i think it will go lower till the end of the month. missed the opportunity to sell it on friday!
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yeah... studying price right now.. looking for a floor
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Alright good research for better price action later. Have to stick with gas trade.
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snapshot


Broader run this summer.. You are right
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