Going into the weekend, you should still be short Dow futures and long gold or long gold calls.
Take profits if you can, but by all means, if you are riding these winners, move up your respective stops.
Lower the buy stops on the Dow and raise your sell stop on the Dow.
In the grains, Bullish Corn number with 928 carry out vs. 1.1 B expected. bearish bean number with 169 carry vs. 132 expected..
Corn has had a 45 cent trading range and did spike up to 750. Currently trading 744. If you’re resting sell orders were filled, then I would take the 6 cent profit, or $300 bucks a contract and then move your buy stop to 851. High of the day is 8.50 3/4.
Monday should give us better trade in the grains. Second or third day after a number is always more meaningful.
CER
