Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729
Follow me on twitter@commodityinsite
Yesterday morning in my twice a day newsletter, Commodity Insite I posted the following Special Email Alert. Note the time sent.
special email alert!
As a new trade: sell (1) August live cattle at the market. The last is $106.22 down 7 points. No stop for now. The range for August cattle is $106.80 to $105.97. My work suggests a lower close today will lead to bright red ink tomorrow.
Sell August cattle now but hold tight to long June cattle against shorts in August and October.
I am also getting sell signals for the Dow Jones. Stay alert I may wish to probe the long side of the Dow by the close as well.
the time is 9:27 a.m. Chicago
The Special Email Alert from above was sent to my brokerage clients, to those that subscribe to my newsletter Commodity Insite. And, of course, to those that recently purchased my book, Haunted By Markets. They received that information yesterday at 9:27 a.m. Chicago.
Selling short August cattle is also a compatible trade to what I suggested here on Inside Futures a few days ago entitled, "A Cattle Spread Suggestion". Thus, the strategy I am employing in the cattle market is to sell rallies and not to buy breaks. On the downside, I would not be surprised to see August and October cattle kiss $100 and feeders to fall under $130. Especially in light of the bullish USDA grain report from yesterday.
If I can be of help drop me a line at firstname.lastname@example.org. Or call me at 406 682 5010.
Never forget. There is no substitute for timely and accurate information. And in todays highly charged environment that concept is more true than ever before.
Dont be left behind. Dont be left behind!
And with only a few minutes left to trade in the critter complex, August live cattle are $105.75 down 107 points and off the low by 147 points. And note the Dow Jones is down 72 points and well below my Special Email Alert from yesterday morning. My Email Alert was quite timely it seems.
The time now is 12:43 p.m. Chicago
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