Feed Cattle

We saw a big rally in feeder today and we were stopped out at breakeven on our position. The short term outlook now looks bullish stessing the importance of trade management. By trailing our stop we were able to prevent a losing trade. Also, some people may have gotten out for a small winner once the market signaled a short term reversal on 5/4. The market formed a harami candlestick and a key bar reversal on bar charts. I chose to ride out the position to breakeven. That concludes coverage on this position. More to come soon.