Mr. Stanley focuses primarily on the livestock sector, but does occasionally trade other related markets. Mr. Stanley engages in thorough fundamental analysis of the livestock markets, including forecasting both US and world supply and demand for these and related commodities. It also involves constant monitoring of US and world weather, shifts in commodity consumption patterns, political issues, currency relationships and trends, and other market movement. Mr. Stanley will then use this analysis to develop trading strategies that may involve flat price futures positions as well as intra- and inter- market spread positions. Technical or chart analysis is generally used only to help determine entrance and exit points, as Mr. Stanley believes that fundamentals ultimately determine price movement.