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Musician, Active Trader. Reading the Music of the Markets, One Crescendo at a Time. Past Floor Trader, Branch Manager and E.F.Hutton alum, keep listening.
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Kevin B. Bantz
  • Half Priced Beef 0 comments
    Mar 16, 2013 12:08 PM

    Over the many decades of being around markets, I've heard many a sayings. I learned that typically live cattle bottoms in years ending in 5. Currently there are just a couple of commodities still hanging on to the ghost of the secular bull market there and live cattle is one of them. I'm expecting a bounce in cattle with a lower DXY early next week. Try to short into the seasonal weakness via the October contract.

    (click to enlarge)Live Cattle

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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