With high yield corporate paper and junk bonds bouncing this morning, in addition to small caps outperforming again and Tesla acting like a leader waking up, I am not in a rush to put on n U.S. shorts here.
Instead, I am focusing on inter-market plays, such as wheat and natty, possibly SLV if it clears $19.25 upside, and maybe sone CORN if it can get out of its own way.
As far as equities, FB TWTR are probably two of the better bull flag setups I would consider on the long side.
I remain short Russia, however.
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Smart approach, @chess. Now heavy Cash with small – $JO, $WEAT & $UGAZ.
Love the softs and natty thesis.
Jam
Haha
Are you a buyer TWTR FB here ? or just watching ? Thanks.
Close to coming in.
chess would love to pick your brains more on natty. I see something different…
What do you see?
condensed response: tomorrows storage report will be bullish so a short term trade may work. but after that I see prices dropping back to last years jun-nov range (front month is at the high of that range right now). natty production is just too strong.
Don’t disagree. I am more so in it for a scalp.
I want to hug those critters 🙂
Red pandas 😉