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ECONOMIC & FINANCIAL MARKET OUTLOOK CORNERSTONE INVESTORS' NETWORK, Sat., Aug. 7, 2004 |
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IMMEDIATE MARKETS OF INTEREST |
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Saturday's Market Outlook presentation began with
highlighting of three futures market setups for
immediate attention: Short Sugar (SB), Short
Lumber (LB), and Short Lean Hogs (LH). At the time
of the presentation, all three markets were
characterized by high complacency with their
extended, overbought uptrends. These markets were
all poised for potential significant downturns.
How have the "immediate attention" selections performed since Sat., Aug. 7th ? |
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| SYM/MO. | CLOSE 8-9-04 | RECENT CLOSE | CH PTS. | AMT/PT | CH VALUE | TYPICAL MARGIN | RET. on MARGIN* | CURR STOP(s) |
| SB / Oct | 8.08 | stop 7.85 | 23 | $11.20 | $257 | $700 | 36.7% | OUT |
| LH / Oct | 69.925 | stop 65.650 | 42.0 | $10.00 | $420 | $1080 | 38.8% | OUT |
| 69.925 | stop 65.000 | 49.0 | $10.00 | $490 | $1080 | 45.3% | OUT | |
| LB / Sep | 422.80 | stop 424.00 | 12 | $11.00 | -$132 | $1980 | -6.7% | OUT |
| Gross return not including slippage, bid-ask, & commissions. | ||||||||
