Dow cash looks like that 11666 was the right point to cover shorts and get flat.
I am still short a few, but might get stopped out any minute here. Currently we are 11781 in the cash Dow, up 168.00 There are worse things than taking 600 to 700 points on a short winning position. Each contract paid off an average of $6,500 bucks. I can only hope you had a couple dozen on.
I am watching the long US dollar position. I am not sure where its going, but right now its a push at worse, with a huge upside. I’ll take that all day long.
Of course, yesterday I wrote how I was tired of buying dips in the grains. That should have been a signal that the low was in, b/c i didn’t have a solid long position on.
Today I exited most of my shorts, and over the next week will be looking to get long beans and corn.
That is all
CER
