What Bitcoin the ETF!!!!! We are hearing that the Winklevoss twins have filed with the SEC for the Winklevoss Bitcoin Trust. In case you have forgotten, the Winklevoss twins enjoyed fame regarding their legal tangle with Mark Zuckerberg regarding Facebook. Tulips anyone? N’uff said! Leading up to the financial crisis of Lehman Bros….cattle cost an […]
Record high after record high with April live cattle trading near $140 yesterday before stalling. The red horizontal line drawn on the chart below serves as my line in the sand. It will take a settlement below $139 to confirm an interim top. Ultimately I see futures on this contract trading back to the trend […]
Today I see a spread trade setting up. Vegetarians need not apply. For meat eaters chomping at the bit, I’m looking to go long live cattle; short lean hogs. But first, let’s take a look at the two commodity markets separately. I think June live cattle have found support at $120.00. After trading lower by […]
Live cattle is a market I do not trade very often but after going over my weekly view of all the markets, I could not ignore the weekly chart pattern. Here, much like in the wheat trade, we have built a classic bull flag pattern while also doing a 50% fibonacci retracement, and small traders […]
