Lean Hogs

This is the continuous front month weekly fyr.

 

This the continuous high volume month weekly.

Isn't the macd divergence something to look into ?

 

There aren't any divergences in these charts. A divergence is a lower low in price with higher trough in indicator. I suspect we'll bounce for a bit and then we'll have more weakness. I am much less than 1 to 1 leverage and so I can stand a large bounce and then add.

 

Hope you are right. Thank you for your comments.

 

My belief is that rallies should be sold in the Hogs for the time being.

 

Hope you have changed your mind.. =)

Order to fill above 74.100 June Hogs in place.

 

Should have bought May hogs. Good grief, what happened? Limit up in only one month of hogs?

 

lean hogs was one of only a few commdities that didnt share in the bull run of early 2000.

the others were:

1) coffee
2) 3month euro dollars
3) wheat
4) cotton
5) yen

feeder cattle and live cattle underperformed. And only recently possibly turning around. livestock as a whole might be turning.

 

fractal pattern hogs.

 

http://futures.tradingcharts.com/intraday/LH/47

strong move.