Monthly Analysis: Livestock
Live Cattle (Cash Index): The live cattle cash index confirmed a major (long-term) downtrend after posting a new 4-month low below $181 during September. This confirmed the double-top pattern at [...]
Live Cattle (Cash Index): The live cattle cash index confirmed a major (long-term) downtrend after posting a new 4-month low below $181 during September. This confirmed the double-top pattern at [...]
Side Note: For the record, I’m starting to agree with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,6,84.45 during August before closing at $2,634.70, up $131.33 for the month. Monthly stochastics [...]
The S&P 500 ($INX) extended its a major (long-term) uptrend to a high of 5,767.37 before closing at 5,762.48, up 114.08 for the month. Theoretical Positions: Long from the October [...]
Side Note: For the record, I’m starting to agree with Warren Buffett’s thoughts on technical analysis, at least in the Currencies sector. Buffett has said on the subject, “I realized [...]
Soybean Cash Index: The National Soybean Index (ISY00) extended its major (long-term) downtrend to a low of $9.1791 during August before settling the month at $9.4862, down 51.45 cents from [...]
The Teucrium Wheat Fund (WEAT) completed a bullish spike reversal during August, once again indicating it has moved to a major (long-term) uptrend. Theoretical Positions: Investors could go long near [...]
Live Cattle (Cash Index): The live cattle cash index sill looks to be moving toward a major (long-term) downtrend after posting what looks to be a double-top at $190 during [...]
Side Note: For the record, I’m starting to agree with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,529.57 during August before closing at $2,503.37, up $56.29 for the month. Monthly stochastics [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend. Theoretical Positions: Long from the October 2022 close of 3,871.98. Sell stops could be place below the previous 4-month low [...]
Side Note: For the record, I'm starting to agree with Warren Buffett's thoughts on technical analysis, at least in the Currencies sector. Buffett has said on the subject, "I realized [...]
Corn Cash Index: The National Corn Index (NCI, national average cash price) extended its major (long-term) downtrend to a low of $3.50 during August before closing the month at $3.6850, [...]
Corn Cash Index: The National Corn Index (NCI, national average cash price) extended its major (long-term) downtrend to a low of $3.7459 during July before closing the month at that [...]
Soybean Cash Index: The National Soybean Index (ISY00, national average cash price) fell to a new low of $10.0001 during July before closing at $10.0007, down 93.16 cents for the [...]
The HRW Wheat Price Index (IHY00, national average cash price) moved back into a major (long-term) downtrend during July. The index took out its previous low of $5.0960 (March 2024) [...]
Live Cattle (Cash Index): The live cattle cash index may be moving toward a major (long-term) downtrend after posting what looks to be a double-top during July. The index hit [...]
Brent crude (QA) is in a major (long-term) sideways trend. I’ve changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,481.63 during July before closing at $2,447.08, up $120.57 for the month. Monthly stochastics remain [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,669.67 during July before closing at 5,522.30. Theoretical Positions: Long from the October 2022 close of 3,871.98. [...]
The US dollar index ($DXY): The $DXY looks to be in a major (long-term) sideways trend. The DXY has been unable to extend its previous uptrend, posting alternating higher and [...]
Corn Cash Index: The National Corn Index (NCI, national average cash price) remains in a major (long-term) downtrend, with the renewed selloff looking to be Wave 8 (last wave of [...]
Soybean Cash Index: The National Soybean Index (ISY00, national average cash price) could still be considered in an uptrend, though we have to be careful given the selloff seen during [...]
The HRW Wheat Price Index (IHY00, national average cash price) still looks to be in a major (long-term) uptrend based on a bullish spike reversal during March 2024. The key [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend. I'm sticking with this due to the cash index holding at $189 through the June [...]