MURICO.com Forum

As is so often the case, the morning reports - -

reports painted quite a different picture from that painted by the reports on Friday afternoon.

The hog pricing model is now projecting that the CME Index component on Friday's kill will drop between -0.75 and -1.05 giving us an eight-day downtrend in the CME Index. I will say this, it is hardly a surprise considering the fact that cut outs have dropped more than 13 points in the past two-weeks.

I'm expecting the to see the Index to continue to shed points with a good chance that the index may push the ZZZs a bit lower than where they are now.

To a certain degree this represents "Monday Morning Quarterbacking" because I have not had a strong enough conviction to get short the ZZZs. I kept looking for them to bounce up to the 97.00 level, then get short. The boat has now gone out to sea and I'm standing on the pier. Like John Greenleaf Whittier wrote in his poem, Maud Muller,

"For of all sad words of tongue or pen,
"The saddest are these: "It might have been!" "

I did buy a couple of 92/90 bear put spreads that are showing some promise and I sold some Z/G spreads that might work a little.

Best wishes,

dhm

Messages In This Thread

As is so often the case, the morning reports - -
Re: DH, my hallucination at the moment
Your hallucination, ITZ, may be caused - - -
Re: Your hallucination, ITZ, may be caused - - -
Re: Dewey, if I ever need
My explanation, Dewey, is a - - -