Sugar lulled me to sleep.As I mentioned at the beginning of the week, I saw that it was moving close to breakout levels.Alas, I failed to enter the trade. Sometimes, a market does so little for long enough that it sort of induces the same “do nothingness” in me.(Being one with the market…not an advantage).
Today Sugar pushed through to close at about 13.90, well above the b/o level.
I’ll look to get in on the next leg.Watch, that will be around $15. 🙂
Currently I’m short 5yr notes, and look likely to go short 30 yr bonds(< ~124'08), and possibly 10 yr notes (noted in earlier posts). Sort of overloads the group, so I may drop one or make quick exit of one if it goes.
Unleaded is pretty close to a long (closed at 1.3895, b/o is ~1.41). Tough trade to put on, it’s a big contract.
