John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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Hawkmoon

roguedolphin

To: John Pitera who wrote (18228)	5/25/2016 3:32:01 AM
From: John Pitera	2 Recommendations of 33421

here is a market that has been on a one way ride on the up escalator since early april..... the July soy meal has been remarkable..... the crush this year has been bad for Bean oil prices... there are some signs of agricultural inflation. the rally in meal may be winding up at this point the stock futures are strengthening and are on their highs in the overnight session and weds session may just be the second really strong back to back session we have seen in some time. Bob Furman, I was thinking about you and how successful you have been collecting premium in this Hi frequency range trading market we have been watching the past 2 months. The stoxx 600, the FTSE are both up over half a % already, the DAX is up 3/4%....... European banks looking good today. The RUT went above the red downtrendline which has now been identical to the 200 dma and the volume was good on the move on tuesday as we can see by the equivolume chart. The advance off of the Feb lows in the US indicies has an impulsive trend look no matter which average you look at.... the corrective pull back that started on April 28th... when Uranus went retrograde looks to be just that a corrective pullback.... the US bonds and notes are going down in price and up in yield and that gives added creedance that the rally we are trying to get into high gear is having the fixed income market indicating that equities should be finding more lift. JP

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