I scaled half of my triple-levered Russia short (via long RUSS) inside 12631 earlier today.
I know there is headline risk to my short here. But the potential for a wipeout or outright crash in Russia is still very much there according to the technicals. Furthermore, I am not sure sentiment is aligned with a bottom, either, as plenty of contrarians seem wiling to go long Russia here rather than short.
A corollary to the Russia/Ukraine situation is that we are seeing some softs like CORN WEAT start to come alive. Also, suddenly, JO is bull-flagging and SGG is putting in a bullish engulfing candle today.
Not a bad day for my natural gas long, either.
More on this after the bell on my video market recap.
