Friday, October 1, 2021

#Grains Review #Corn #Soybeans #Wheat #Ag

Grains Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Grain's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

USDA released its grain report. I'll make no attempt to interpret it. Others are more qualified to do that.

I find it a bit suspicious that any organization can suddenly find 81 million bushels of anything. Perhaps, but it certainly doesn't smell right. Smells a lot like the Bureau of Labor and Statistics (BLS) when they unexpected 'find' 50,000 were created within a month, then completely wipe them out (revise them lower) six months later when nobody is looking. This I can prove without a problem. Government data sources are neither timely nor reliable unless used as contrarian indicators.

Grains weekly price and time cycles remain extended through September 30th. This should change after today's close. The computer will post new weekly cycles for October tomorrow.

Ok, Eric, tell me something I don't know. Agreed. What I view as important, what most traders cannot see, is volume. Richard Wyckoff viewed volume (Force) as or more important than price. The computer tracks it and reports it in the Matrix, but not in detail. The first suggestion that something is not right, is the Daily (Tertiary) Trend columns under divergences (DIV). The daily trend is down, but the DIV column says BULL. Volume is not confirming the decline. The DIV could be extended to the weekly trend. This will produce an even stronger divergence. Contact me directly for a more detail conversation.

Soybeans Secondary Trend

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