Headlines – 2008.12.26

STOCKS: Look to sell rallies as traders should fear upcoming job losses
BONDS: The overall trend remains up but holiday action could diffuse the trend
CURRENCIES: Choppy trade expected as the economic report slate is empty
COPPER: The trend is down look to sell 300 point rallies
METALS: Two sided action unless Dollar losses become more severe
CATTLE: Cash tone positive and tightening supply ahead to support uptrend
HOGS: Probing for near-term low; swing count down to 58.02 Feb; low soon?
BEANS: Weather market for now as China and Argentina dryness support uptrend
CORN: Not enough rain in Argentina and China building reserve; firm
WHEAT: Overbought and right on key resistance; following other grains
ENERGY: Short covering action should be seen as a selling opportunity
COTTON: Econ news may be bad enough to spark another round of spec liquidation
COFFEE: Big world production deficit expected for 2009 to turn trend up
SUGAR: Short-term trend looks to remain down due to weak demand; liquidation
COCOA: Tight supply situation should attract fresh buyers on price dips