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Patrick's Ponder: 
 The second point of the philosopher Isidore as quoted by Thomas Aquinas regarding the nature of law:

"That it be helpful to discipline, inasmuch as it is proportioned to the natural law"

I think the above thought can be interpreted into trading from the standpoint that your method of utilizing the market must be one which assists you in maintaining your discipline.  Over trading or risking to large a percentage of your total capital are easy examples of  trading methods which would go against the natural laws of economics and not enhance your ability to maintain the necessary market discipline needed to reach your goals.

TrendRanger   (GLTC proprietary trend probabilities)

Pat's Plog  ( Pat's daily market opinion plogging)

Market's apparently seem to be going to sleep ahead of U.S. government August recess.  Considering politicians get the ENTIRE month! of August off compared to the rest of us working stiffs, its no wonder some people decide the public service "gig" is worth the hassle besides all the power the seem to garner. 

Crop conditions apparently slightly better yesterday, some water (actually quite a bit depending where you were in the Midwest especially over  the weekend).  Corn, Wheat , Oats all closing lower on the day.  Some technical chart difficulties cropping up as of late against uptrend which got started after last USDA report.  Weather also factoring in at the moment. 

Energies - crude oil struggling a bit on the day,  but not enough in my opinion to negate recent positive strength.  However, some of the previous uptrending momentum from earlier in the week probably has been lost.

Metals - Gold seeming to indicate with downtrending behavior which started at the beginning of July that markets maybe in the near term are not as worried about inflation? 

Livestock - Cattle retracing some or uptrending move started in June., Feeder position same as fat cattle.  Hog charts showing some slight positive, however not a whole to bring as collateral to your banker.

Softs - Cocoa first 1/2 negative sign since the middle of May. I have noticed cocoa has made the news as of late, as the old saying goes once the market news "hits the press" the move is probably over, might prove true this time?   Sugar maintaining uptrending strength which got started about the middle of June.  Coffee - showed 1/2 negative last week, retraced some of last weeks move but looking like it is struggling to resume previous uptrend,  South American weather issues seem to be "taming" down.  October Cotton put in 1/2 positive last week and a 2nd positive today.  However, December cotton not showing similar picture of the strength of October cotton.  Maybe October cotton strength can "drag" December higher to provide better pricing opportunities etc.  Orange Juice 1/2 negative last week, with strong retracement going on to see just how "committed" the sellers are from last week?

Currencies - USD trend is down which generally means most other currencies trend is more up than down. (for the sake of not typing to much please note I am making a gross generalization).

Stocks - Dow putting in 1/2 positive, keeps trend basically sideways, S&P position similar  to Dow, trend sideways to slightly up.

If you have more specific questions regarding my opinions or specific questions relating to managed futures, hedging or individual speculating please contact me.
Patrick Sullivan
President
Great Lakes Trading Co., Inc.



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Risk of loss in trading futures/options can be substantial only genuine risk funds should be used.
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Great Lakes Trading Company, Inc, is a United States registered futures and options broker located halfway between South Bend and Fort Wayne Indiana in the Great Lakes region known as Michigan and has branch offices located in Eastern Michigan as well as the "thumb" of Michigan near Lake Huron, which provides consulting, risk management, managed futures, trading systems which provides consulting, risk management, managed futures, trading systems and brokerage services in  futures and options markets throughout the eastern Midwestern United States corn belt, Canada, Mexico, Latin America, Europe, Asia and worldwide to clients using futures and options markets for self directed trading and hedging across a broad spectrum of commodities ranging from grains consisting of wheat, corn, soybeans, oats, soymeal, bean oil, livestock contracts ranging from cattle, feeder cattle, and hogs; soft commodities include: coffee, cocoa, sugar, and orange juice, energies contracts traded range from crude oil, heating oil, natural gas, and unleaded gas: stock indexes traded include, S&P 500, KOSPI, Dow Jones, NASDAQ, Russell 500, emini S&P, emini NASDAQ, mini Dow, mini Russell, FTSE, Dax, and Schatz in London and Europe respectively: interest rates include 30 year bonds, ten year notes, five year notes, two year notes and Gilts, further physical futures contracts traded are: milk, cheese and dairy, precious metals products traded are; gold, silver, platinum, palladium, finally worldwide currencies are traded both in futures and forex markets including the Euro-currency, Japanese Yen, Swiss Franc, US dollar, Australian Dollar, Mexican Peso, British Pound, and the Canadian Dollar. In addition grain and energy swaps can be traded for hedging purposes through Clearport of the CME Group. Great Lakes Trading Co., Inc. also consults clients on the implementation and management of risk with automated futures and options trading systems. Great Lakes Trading Co., Inc. consults with individuals, corporations, high networth individuals, family offices, pension funds and institutions in the use and incorporation of managed futures investments as a financial portfolio investment diversification alternative which is not correlated to the stock market. It is Great Lakes Trading Co., Inc. opinion that Commodity trading advisors who use futures and options for technical trend following trading along with strict money management provide a strategic tool to diversify investment risk in a well balanced financial portfolio, ranging from Individual Retirement Accounts, Roth IRA’s, SEP IRA’s to self directed financial portfolios, pension funds and corporations. Great Lakes Trading Co., Inc.’s consulting, hedging and trading reach is worldwide giving clients access to futures and options, and swap markets throughout North and South America, Europe and Asia, through regulated exchanges such as the CME Group, Euronext, Kansas City Board of Trade, Minneapolis Board of Trade, New York Mercantile Exchange, COMEX, Intercontinental Exchange, LIFFE, BM&F, Matif, London Metals Exchange, Australian Securities Exchange, Tokyo Commodity Exchange, Singapore Commodity Exchange