Hubert Senters here.
Let’s take a look at the markets S&P 500 up a massive 4 points today. Not a whole lot of movement there but we’re waiting on the Fed to make an announcement and they decided to do nothing. And they also make some statements.
Fed decision interests rate left unchanged indicates no change through 2020 until they decide to change again. It happens all the time. But anyway so no change there. It looks the market was waiting for them to do something they did nothing and the markets like so that’s where we’re at.
The Dow also sideways down $31, the Nasdaq up $32 such a net those two cancel out each other. S&P up a little as of recording this video. And then Russell just down slighlty so not a whole lot of change there.
For the most part Index Futures sideways to slightly higher or slightly higher to sideways whichever way if you like attacking that bad boy. Euro Stoxx 50 bounced up a little bit 13 points the DAX is up 65 points and interest rates the bund bounced so I’m going to try to time this thing probably tonight or tomorrow night.
I don’t get it any of this week. Sunday night I’ll start more aggressively shorting interest rates. 30 year also that’s the plan to short that thing. I’m just going to try to do that on a strategic area. I’ll let you know as I’m doing that.
10 year also I mean it could be as early as tonight. I’m going to actually throw on 10 year tonight to see if I can get on the breakdown for me.
I’ll risk about 10-12 ticks on that bad boy and see if it will roll over for me so that’s what I’ll be doing tonight unless I just forget. I just want to make sure to everybody’s clear on what I’m doing here.
The 2 year is down but bouncing. I haven’t changed anything. Look at there. Platinum brand new buy signal. Add that to your potential list of long things. It could go to a thousand. Gold bounced up a little up $11 still below the cloud. I wouldn’t touch that yet.
Silver bouncing a little bit. Copper follow through so it’s a metal’s market right now. The two metals that are hot Platinum and Copper ladies and gentlemen, natural gas, no one cares. Crude oil that’s a joke.
Crude oil sideways, heating oil sideways. Feeder Cattle, I like the Feeder Cattle trade. It’s a sleeper so also another really good movie if you watch that sleeper. Really good movie.
I like this long here with a target of $148.
Lean Hogs probably goes to $60 but it’s not really doing anything. Live Cattle I like that one. They both look really good like if you I was forced to do Live Cattle or Feeder Cattle I’ll probably do Live Cattle first technically a little bit more strong.
I wouldn’t have any problem secondarily going into Feeder Cattle though. It looks pretty stout too. Corn dropping lower good short down to $352. Soy Beans rolling over. Next target $885 4/8. Soybean Meal rolling over. Next target $290.
Bean oil which is Soybean Oil pull back a little bit so I like these two better. Soy lower and Soybean Meal. It’s kind of hard to say. I like that one the best Soybean Meal lower. Rough wise looks sideways Wheat not a huge advantage there.
Cotton no edge, OJ probably goes lower but not a huge edge. Coco it’s kind of chopping sideways not a huge advantage. Here we go Coffee easier very hard to trade and super violent but easier trend right now and follow that up with Sugar.
Two of real good markets that look interesting. I’ll be shorting with 10 year tonight. I like Soybean Meal. I like Sugar higher. I like Coffee’s higher. And I also like the Copper’s higher. And the Platinum is higher.
Good luck. Hope it helps. See you on the next video.
