The 12,300 level holds. Dow futures now trading at 12,450. That’s a 150 point profit. Lock it in and let it ride.
Corn 20 higher overnight on crop condition drop. We dropped 3% in crop condition from 69% to 66% good to excellent rating.
Its a weather market. Go with the trend, which is higher for now. But be prepared to run and run fast if they stop the music.
Weather bull markets are great when you are long. When they end, though, its a train wreck.
I like being long beans. I continue to want to be long, especially if SX can pop above the wall of resistance at $14.00.
I am still short gold at 1600. I am risking 20 bucks to the upside. So far the high is 1610.
That’s all for now.
CER
