After a double top LBS futures headed in down channel looks to have bottom and bought up. MacD indicators confirm direction of down channel, and a bear flag forming in the past few days I expect further drop if support is broken targeting around 580 $/BF. LBS1!
4.10.22 PA1! and Lumber : I was really surprised when my students sent me an email showing a huge margin requirement for Palladium. I was a little embarrassed to not realize how high the margin requirements were, so I made some excuses for something I missed, and I gave my perspective on how I would look at this and what it means from a practical point of...
Lumber and 30 year Mortgage – weekly scale: FRED 30 year rates lag most mortgage rates already above 5%. It has been since 2018 since rates were above 5% and lumber was sub 300.00. High priced lumber (any high priced commodity) will eventually correct itself. High prices cure high prices. Now the pinch is on and rates are reacting. Cost of money is no longer...
This is a chart comparing the buying power of bitcoin against lumber costs so that we can see over time how bitcoin protects the purchasing power of your assets and ensures that the american dream does not become out of reach.
Orange line is lumber to dollars.
Red and green candles are lumber to bitcoin price adjusted to coexist on the same scale.
4.6.22 LBS1!: This video was a little shorter than normal, and I spent my whole time looking to be a buyer in a market that still might be a little too bearish for me to find a signal. However, what I neglected to say is that if the market does find a buy signal, whether or not I decide to take a long trade, if the market does start going higher today and doesn't...
3.21.22 Lumber : learning something about this market with a lower timeframe. This is a market that will appeal to some traders, will not appeal to others, and probably is not a good Buy-and-hold market for others...but you can make a lot of money with this market. It moves fast, it gaps and reveres ...you have to think fast and be alert...and work for you...
12.2.21 Coffee Lumber : framing coffee: Looking at Lumber moving to the 382. ( timed-out on the video...but you should get the gist of what I was saying ).
11.20.21 OIL LUMBER : This is about market dynamics and looking at more subtle behavior when it is likely to favor both buyers AND sellers in a fairly narrow range...but can managed if we take the time and effort to do the analysis. A clarification is need on Lumber: It is going to trade to the 382 most likely, BUT the market has been gapping higher...
11.17.21 Lumber Follow up trade. This is a great market to show the advantages of trading volatile markets. Suggestion: go to Community on Tradingview >>>type in: LBS1! >>>>the top rated author (Andy_Hecht) I believe is an experienced trader: nice charts, nice analysis on posts.
11.3.21 Lumber: had a buying tail. If you not in and you want in...you might be able to buy the open if it gaps lower. If it makes a new low...there may be an opportunity to buy at a lower support level.
11.1.21 Lumber Futures : looking for a long trade with caveats. I review a good post on Trader's Pics for 10 things you need to think about when you trade. Bobby's Homework Assignment.
10.31.21 LBS1! LUMBER Even if you don't trade lumber you should look at this video. This is about market dynamics, and it is about the way markets expand. Two very large extent, this is how I look at markets. You can make money in markets if you think like this.
