Short-term traders may be able to profit from the stampede taking place in livestock.

The Goldman Sachs Livestock Commodity Index (GVX) has been on a torrid upwards run over the past five sessions… Something short-term traders will likely want to be aware of. Over the past few sessions, traders are clearly seeing light at the end of the tunnel. At present, the index has rallied back above the 200-DMA at 230. End-of-week profit-taking could ensue, however, if the GVX is able to buoy itself above the 50 and 200-DMAs, momentum breakout traders will want to keep the index on their radar for next week.

Exit is everything.

Mark Whistler

3/14/08