General Update

Just a quicky this morning:

A chart pattern I watch out for regularly called star formations. They have a pretty good track record of finding short term tops and bottoms in markets.

This morning I'm seeing several evening stars which are bearish:
Dec Corn
Dec Soy Meal
Dec CBT Wheat
Dec Lv Cattle

All of these markets have that pattern. To confirm this bearish formation watch for prices to break yesterday's lows. If that happens, I would be on the short side or defend any longs. Possibly we are in for a correction here.

Swing Trade Update
One new trade will occur today. Short March Sugar with a stop @ 24.80.