Headlines – 2008.09.26

STOCKS: Be long calls but hedge that play with near to expiration puts!
BONDS: Waning confidence in Treasuries suggests fading of rallies
CURRENCIES: The Dollar seems to he able to retain favor despite bad politics
COPPER: A major pivot point ahead go with a breakout of $3.20 and $3.05
METALS: The bears seem to have the edge regardless of political actions
CATTLE: Another break in beef and jump in weights; weak demand, more down
HOGS: USDA report this afternoon; down next week but discount? stand aside
BEANS: Will the bailout pass? Is it inflationary? More questions than answers.
CORN: Resistance to the bailout hardening? Nervousness could cause mass exit.
WHEAT: Turmoil in financial markets raises the downside potential in wheat.
ENERGY: We would continue to sell rallies in crude oil and gasoline
COTTON: More weakness ahead as demand factors looking weak; 57.55 next Obj
COFFEE: Follow late in the day technical signals for direction next week
SUGAR: Rollover of economy could drag market down without progress on plan
COCOA: Tech correction near complete, $ strength, harvest supply/weak demand to pressure