06/23/10 September Lumber closed limit down today creating a new #1 bottom point at 189.00 (06/22/10) 50% @ 262.80 , continue to watch for a complete formation.

06/30/20 has a new #1 bottom point at 183 the low on 6/23/10 and a possible #2 point at 214 the high on 6/30/10. Continue to watch this market for a complete formation. 50% @ 259.80  

07/06/10  made a new #2 point at 223.50 the high on 7/2/10 and a possible #3 point at 209.40 the low on 7/6/10. We will wait one trading day before placing our order to go long on a break above the #2 point.  

07/19/10  made a new #3 point at 198.30 the low on 7/19/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point.  

07/20/10  made a new #3 point today at 196.20; our order above the #2 remains unchanged.  

November Lumber

08/06/10  I decided to switch contracts months to get more time for the trade. November Lumber has a #1 bottom point at 187.20 the low on 6/23/10 the #2 point is 222.80 the high on 7/2/10 and the #3 point is 202.40 the low on 7/20/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 250.35

08/16/10  Made a new possible #3 point at 198.90 the low on 8/12/10. Our order to go long on a break above the #2 is still valid.

08/23/10  Nothing New

07/20/10 Made a possible #2 point at 77.78 the low on 7/20/10. Continue to watch for a complete 1-2-3-top formation.

07/22/10  Made a possible #3 point today at 7957 (7/22/10) place  an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point.

07/26/10 has a new #1 top point at 8122 the high on 7/26/10 we canceled our sell stop order. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 7238

07/26/10  has a new #1 top point at 8150 the high on 7/28/10 we canceled our sell stop order. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 7252

08/02/10   has a new #1 top point at 8405 the high on 8/2/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @

08/05/10   has a new #1 top point at 8600 the high on 8/5/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 7477

08/06/10   made a possible #2 point at 8365 the low on 8/6/10.

08/16/10  Made a new #1 top point at 8917 the high on 8/13/10. New 50% @7635  

08/17/10  Made a possible #2 point at 8707 the low on 8/16/10

08/23/10  Made a new possible #2 point at 86.97 the low on 8/20/10

August Pork Bellies made a new #1 top point at 101.50 the high on 7/16/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 91.20

*Bellies tend to be a fairly thin market, which is why I rarely put it on sightings. Keep in mind you will probably not get filled right at your price and to move your stop to protect profits quickly.

07/22/10  Made a new #1 top point at 103.50 the high on 7/22/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 92.20  

07/26/10 made a double #1 top point at 103.50 the high on 7/22/10 and 7/26/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 92.20

07/28/10  made a Triple #1 top point at 103.50 the high on 7/22/10, 7/26/10 and 7/27/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 92.20

08/02/10   made a new #1 top point at 106.50 the high on 7/30/10. Continue to watch for a complete 1-2-3-top formation. 50% @

08/05/10   I decided to make the switch to begin watching the February contract because there was so little time left for August. February Pork Bellies Made a new #1 top point at 105.00 the high on 8/5/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 98.50

08/06/10   Made a new #1 point at 105.50 the high on 8/6/10. New 50% @ 98.75

08/09/10   made a new #1 point at 105.70 the high on 8/6/10. Because of the lack of volume we will be looking to trade this market with options  

08/16/10  made a new #1 point at 108.00 the high on 8/11/10 and a possible #2 point at 103.00 the low on 8/13/10. New 50% @ 100.00

08/23/10  We are going to sideline this market for the time being. I am not comfortable with the spread between the 1 and 2 will possibly wait for a consolidation pattern of some sort. 

September Coffee made a new #1 top point at 181.50 the high on 8/2/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 155.10

08/05/10   Made a #2 point at 165.15 the low on 8/3/10 and a possible #3 point at 172.65 the high on 8/5/10. I will watch this market for a day before placing a trade; I may also deicide to trade December because it will give me more time.  

December Coffee

08/06/10   I decided to switch to the December contract for more time on the trade. December coffee has a #1 top point at 181.55 the high on 8/2/10 the #2 point is 166.10 the low on 8/3/10 and the #3 point is 173.70 the high on 8/5/10. You could trade this market with a futures contract short or use a put option. Coffee can be very expensive to trade, I will be pricing a bear put spread to enter this market.

08/09/10   Nothing new. I am still pricing options; the risk to reward on this trade is not what I would like so I am looking at alternatives to minimize risk while still allowing us to take advantage of a move.

08/16/10  Made a new high at 182.90 the high on 8/16/10. New 50% @ 157.22

08/17/10  Made a possible #2 point at 177.60 the low on 8/17/10  

08/23/10  Made a new #1 top point at 188.65 the high on 8/23/10. New 50% @ 160.10

October Live Cattle made a new #1 top point at 9700 the high on 8/5/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 91.85

08/06/10  Made a possible #2 point at 9565 the low on 8/5/10.

08/09/10  Made a possible #2 point at 95.025 the low on 8/9/10.

08/16/10  Made a new contract high at 9717.5 the high on 8/16/10. New 50% @ 9193

08/17/10  Made a possible #2 point at 9587.5 the low on 8/17/10  

08/23/10  Made a new #1 top point at 100.00 the high on 8/19/10. New 50% @ 93.35

08/16/10  Made a new contract high at 118.05 the high on 8/11/10 and a possible #2 point at 115.79 the low on 8/13/10. New 50% @ 111.76

08/17/10  Made a possible #3 point at 117.52 the high on8/17/10. I am going to wait until after tomorrow’s activity before placing my sell order

08/23/10  Made a new #3 point at 117.82 the high on 8/19/10. Our order to go short on a break below the #2 point remains

December Soymeal  has a #1 top point at 304.50 the high on 8/18/10 and a possible #2 point at 291.60 the low on 8/23/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 273.4