• USDA-LM: Iowa/Minnesota Daily Direct Hogs Morning Dec 2nd, 2008, 12:08 - .DA (Length: 4223)
• USDA-LM: Western Cornbelt Daily Direct Hogs Morning Dec 2nd, 2008, 12:08 - .DA (Length: 4368)
• USDA-LM: Eastern Cornbelt Daily Direct Hogs Morning Dec 2nd, 2008, 12:08 - .DA (Length: 4608)
• USDA-LM: National Daily Direct Hogs Morning Dec 2nd, 2008, 12:08 - .DA (Length: 4857)
• USDA-LM: National Daily Base Lean Hog Carcass Slaughter Cost Dec 2nd, 2008, 11:33 - .DA (Length: 1973)
• USDA-LM: National Daily Direct Prior Day Slaughtered Swine Dec 2nd, 2008, 11:28 - .DA (Length: 4229)
• USDA-AL: Texas To Mexico Daily Livestock Exports Dec 2nd, 2008, 11:28 - .DA (Length: 3473)
• USDA-JC: Interior Missouri Direct Slaughter Hogs Dec 2nd, 2008, 11:28 - .DA (Length: 905)
• Manitoba Hog Price Summary Dec 2nd, 2008, 11:14 - RNI (Length: 1533)
• MarketResearch.com: MarketResearch.com announces the addition of a new report titled "The Fresh Meat Market in the U.S. Beef, Chicken, Pork, Turkey and Lamb in Retail and Foodservice" by Packaged Facts to its website. December 2008 Dec 2nd, 2008, 11:05 - MTO (Length: 2591)

[ More Pork News ]

Analysis

Mon 12/1/08

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market is overbought and appears to be encountering resistance. Look for a top in this area.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. WARNING: Market momentum slowed down on this bar. This is indicated by the fact that the difference between the two moving aveage lines is smaller on this bar than on the previous bar. Its possible that we may see a market pullback.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. WARNING: Market momentum slowed down on this bar. This is indicated by the fact that the difference between the two moving aveage lines is smaller on this bar than on the previous bar. Its possible that we may see a market pullback.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 59.98). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 59.98). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. The stochastic is in overbought territory (SlowK is at 83.57); this indicates a possible market drop is coming.

Additional Analysis: The long term trend is DOWN. SlowK is showing the market is overbought. Look for a top soon.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is in overbought territory (SlowK is at 90.32); this indicates a possible market drop is coming.

Additional Analysis: The long term trend is DOWN. SlowK is showing the market is overbought. Look for a top soon. The short term trend is DOWN. SlowK was down this bar for the first time in a while. Its possible that we may see a down move here. if next bar's SlowK is also down, then a possible top may have been established.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

Additional Analysis: The long term trend, based on a 45 bar moving average, is down. ADX has turned down, indicating a deterioration in the current downtrend. Look for the market to get a bit choppy here as the market attempts to establish a new trend.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (154.69) recently crossed above the buy line into bullish territory, and is currently long. This long position should be liquidated when the CCI crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation,CCI (154.69) is bullish, but has begun showing some weakness. Begin looking for an attractive point to liquidate long positions and return to the sidelines.

DMI Indicator:

Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis: DMI is in bullish territory. The ADX has turned downward indicating diminishing confidence in the current trend. Consider liquidating any bullish positions here.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars.

Momentum Indicator:

Conventional Interpretation: Momentum (3.13) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (4.03) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market, and appears to be slowing. A modest downturn is possible here.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.