Authored by Christopher B. Swift
May 15, 2008

Offering technical & mechanical analysis for
the improvement of risk management.



 Email Address:

chris.swift@rcgdirect.com

Please direct all requests for information to this address or feel free to call.  I do not mind being called. Toll Free 1-877-863-2206

Mid-Day Cattle Comment:  Subscription is free.  To sign up, simply click on the "Mid-Day Cattle Comment" link found on the main page of this website. Please take the time to fill out the form completely.  Incomplete forms will no longer be added to the Mid Day Cattle Comments.   www.shootinthebull.com

Futures trading is not for everyone. The risk of loss in trading futures can be substantial; therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Past performance is not indicative of future results, and there is no assurance that your trading experience will be similar to the past performance.

Live Cattle:

I recommend maintaining a long position in the October cattle with a sell stop to exit only at $105.50.  The oscillator on the hourly chart has reached the zero line.  This leads me to anticipate the correction to be near completion.  If so, then a new contract high would be anticipated.

      Feeder Cattle:

I recommend maintaining a long position in the August and October feeder cattle with a sell stop to exit only at $107.45 August and $109.60 October.   Feeder cattle appear to still have some room to the upside before making a correction of some kind.  The contract high in the August contract is $114.80 made at inception of the contract.  This area may provide some resistance.

Corn:

 I recommend maintaining a short position in the December corn with a buy stop to exit only at $6.56.  Although higher on the day, corn is struggling.  The chart below is condensed to show where it has come from.  The inability of the oscillator to reflect strength at new highs remains bothersome.  The down trend of the oscillator and up trend in prices just doesn't bode well.  Now that prices have begun to slip out of the rising wedge, I anticipate further declines.

     chris.swift@rcgdirect.com     

New Account Forms Click Below

Account Forms

Live account forms on line.  They are very simple to use and can be filled out in a matter of minutes. I hope I have earned the right to execute some of the trading business you do.  If you have any questions or would like further information, please feel free to contact me at anytime.

Rosenthal Collins Group Home Page

    chris.swift@rcgdirect.com


Futures trading is not for everyone. The risk of loss in trading futures can be substantial; therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Past performance is not indicative of future results, and there is no assurance that your trading experience will be similar to the past performance.

144 2nd Avenue N., Suite 207             Nashville, TN  37201             1-877-863-2206                 chris.swift@rcgdirect.com

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