MURICO.com Forum

The final Purchase Index for - - -

7/23/15 was down (but just barely) -$0.03 and the model projects that the change in the CME Lean Hog Index component on the 7-23-15 kill will be between +0.05 and -0.25. Probably a little weakness but not much.

My bias is that the QQQs are going to have a difficult time gaining much. Just too much pork for the available demand. My conviction is not very strong so I am only short one and it is a scalper that could go in a hurry. I have been trading a few K/M spreads and will buy again below -4.0. They are really not very liquid so it takes a lot of patience.

Best wishes,

dhm