Futures Commentary and Analysis

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Disappointing To Bearish
Jerry Welch - IF - Sat Oct 21, 7:08AM CDT

The data and opinions in this report are for general information use only and are not

intended as an offer or solicitation with respect to the purchase or sale of any futures

contracts. Although all information and opinions are believed to be reliable, we cannot

guarantee its accuracy or completeness. The open trade and previous recommendations

were suggested, but that does not necessarily mean any individual followed the trades

exactly as recommended. This newsletter has been prepared without regard to the specific

investment objectives, financial situation and needs of any particular recipient. Past performance

is not necessarily indicative of future results. There is a significant risk of loss associated with

trading futures and options. It should be noted that the impact on market prices due to seasonal

or market cycles and current news events may be reflected in current prices.

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

Below is the final paragraph from my October 16, newspaper column entitled, Disappointing to Bearish. I will post the entire column tomorrow, Sunday, October 21.


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"In late September in my twitter account, twitter@commodityinsite as well as my twice a day newsletter Commodity Insite I mentioned that a significant change in trend for stocks, the Dow and so on would begin on October 10, that arrived a few days ago. Only with hindsight will it be known for certain that such a bold forecast is accurate. And it is because of that forecast, I have no desire to be long much of anything in the final three months of this year. The final quarter of 2017 has the potential to be disappointing to bearish."

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As it turned out, no significant trend change for stocks took place on October 10, for the Dow, S&P and Nasdaq. But the Russell 2000 peaked on October 9 and Thursday fell to a 1 month low and even Friday, it has yet to post a new high similar to other stock indexes. But all in all, my forecast for a trend change for stocks did not take place.

However, most all other markets and in particular commodities ended this past week in a disappointing manner. And the 4th Quarter has another 2 months and a week to go.

Tomorrow I will post the rest of the column from above.

The time is 7:03 a.m. Chicago, Saturday October 21.


The data and opinions in this report are for general information use only and are not

intended as an offer or solicitation with respect to the purchase or sale of any futures

contracts. Although all information and opinions are believed to be reliable, we cannot

guarantee its accuracy or completeness. The open trade and previous recommendations

were suggested, but that does not necessarily mean any individual followed the trades

exactly as recommended. This newsletter has been prepared without regard to the specific

investment objectives, financial situation and needs of any particular recipient. Past performance

is not necessarily indicative of future results. There is a significant risk of loss associated with

trading futures and options. It should be noted that the impact on market prices due to seasonal

or market cycles and current news events may be reflected in current prices.




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