Results: 48 Records found.
  • brugler_640x480

    Malnourished Bulls

    Jul 13, 2018 03:22 PM

    In last week’s intro, I talked about the Friday rally being a ‘sell the rumor, buy the fact’, but left you with a warning about malnourished bulls. The exact quote was “The bulls have been starving and may or may not be able to walk in a straight line!” This was a reference to money flow. After an extended decline, speculators and even commercials who have been on the long side of the market have seen their bank accounts drained.

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  • brugler_640x480

    Buy The Fact

    Jul 06, 2018 03:35 PM

    One of the oldest trading rules I know is “sell the rumor, buy the fact”. The markets are in the business of discounting news as it is known or suspected, and in advance of actual facts. Fundamentally bullish or bearish USDA reports often see the market going the other direction by the close because the data had already been priced into the cash or board values via the rumor mill and social media. We had yet another edition of STRBTF on Friday.

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  • brugler_640x480

    Fear of the Unknown

    Jun 29, 2018 05:32 PM

    There are plenty of psychology studies out there about how people deal with the unknown. Despite the assertiveness of Internet bloggers, there are in fact a number of unknowns out there that you have to face each day. Some have known resolution points, like the USDA reports issued on Friday at 11 AM CDT. The unknown was which way the market would break afterward. Some unknowns have no resolution point. As one market axiom states, “Carries are finite, but inverses are infinite."

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  • brugler_640x480

    The Longest Day

    Jun 22, 2018 04:02 PM

    As most of you know, Thursday was the start of Summer. The Summer Solstice brings on a number of things from the official beginning of summer to the realization that another year is quickly passing us by. But the one thing we can all enjoy is that it's the longest day of the year. There is more time for outdoor activities. At the same time, it is also a reminder that the days from here on out will just keep getting shorter. Isn't it a coincidence that just a few days prior it was a

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  • brugler_640x480

    Whatever We Had Once Was Gone

    Jun 15, 2018 05:10 PM

    If you are a long time reader of this column (this is #800!) you have probably figured out that my musical tastes are pretty eclectic, with a skew toward 1970’s rock and roll, but room for jazz, blues, country and maybe one or two classical pieces hiding in the background. Lyrics to songs pop into my head all the time, triggered by events. This week, the line was “Whatever we had once was gone”, triggered by the sharp declines in corn and soybeans after they had been trading in a comfortable ran

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  • brugler_640x480

    Old Problems

    Jun 08, 2018 03:42 PM

    Last week we talked about new beginnings as the calendar rolled to June and questioned whether the spec funds would keep their big long positions in seasonal plays like corn and soybeans or go looking for cheaper assets. It is now clear from the CFTC data that they went looking for undervalued assets like the stock market, wheat and cotton, while reducing positions in corn and soybeans.

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  • brugler_640x480

    New Beginnings

    Jun 01, 2018 04:23 PM

    It’s the first day of June. Not quite the first day of summer, but certainly the first day of the month. With all of the 1930s-esque tariffs being thrown around, we are certainly looking at a different international trade environment than we’ve had any time in the new millennium, let alone in May. The first of the month is also a focus for investment funds, putting new money to work and re-investing old money from positions cashed out for asset allocation adjustment reasons.

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Results: 48 Records found.