The Russell (which I am extremely bullish) and the U.S. stock indices in general are all higher today.  My outlook has clearly been very bullish via the Q4 bias.  I expected a rally today following yesterday's minor pull-back in price.  I mentioned that in my report Tuesday.  I also mentioned the fact that I believe all pull-backs at this time are simply buying opportunities in equities right now as I believe these markets will continue moving higher through Q4 (as anticipated). 

(CT) - Cotton is higher today.  We talked about the buying opportunity in cotton in last night's report.  The IMPA is bullish and we have a "W" structure in formation.  We are coming off a recent FP formation as well.  All bullish of course.  

(KC) - Coffee is higher today.  We talked about coffee in yesterday's report again too, and I certainly have been bullish coffee for the last 2 weeks now.  We pegged this one nicely and I continue to believe prices can and will go higher.  Some of you are long here too. Good work.  Remember, tonight's report will be the last one that will be published (FREE) from these pages.  I hope my commentary has been enlightening and helpful to you.  However,  please do keep in mind that I was only able to share a tiny portion (less than 5% really) of all our unique charts, graphs and proprietary indicators maintained across 45 markets on the site for members.   This is a tremendous system (family of indicators and charts). There is no other service like this in the world.  I know this because I created every single graph, chart and statistical measure and indicator myself.  Each graph was developed and is maintained by myself.  The graphs on our site are maintained in a special area in the vault.  The area is actually a program with menu's which allow you to click on and pull-up any chart/graph you wish to access.  In addition we recently added a new Custom Navigation Feature.  This new feature allows members to access any of our graphs with the click on a mouse only and from one menu (such as our COT derived commercial studies, including the producer and consumer graphs with unique UCL/LCL triggers).  Any of these studies can be accessed from one location using CNP.  And CNP also allows the graphs to be displayed in a dual window (two windows on one page).  This allows members to look at any two graphs on one screen (on top of each other).  In addition to that our "DUEL SCREEN" function allows comparison studies involving any two markets or two graphs as well.  In 2005 I plan to release a new inter-market spread ranking and rating feature.  This new feature works by pairing off markets based on unique correlation characteristics.  I use a statistical tool called "Spearman's rho" to first identify then rank and rate the best spreading opportunities between two markets across the 45 markets we track and trade.  

 All members have 24 hour access (365 days a year) to all our proprietary measures and indicators, including the weekly updated COT indicators and the daily updated price distribution studies and pattern recognition reports (our plunger report which provides day to day buy and sell signals) spanning 45 markets.  New longer-term formations, short-term swing patterns and daily/weekly plunger formations/signals typically occur in at least one or more of the 45 markets we track practically on a daily basis (we had 5 daily plungers Tuesday for example excluding the Fed Funds which by the way I plan to replace with the Mexican Peso in 2005).   

I wish you all the best and encourage you to consider an education for the next several years, which I believe can lay the foundation for you to become a successful full-time futures trader, if that is what you so desire to do.  

Good  trading always.   

Very Respectfully,
Floyd W. Upperman Jr. CTA