https://www.youtube.com/watch?v=hfKIeCry_S8
My JO position is currently the biggest one I have in my 12631 Trading Service portfolio, which members have access to 24/7.
The coffee commodity is gapping much higher this morning and I am inclined to trade around it now and lock in partial gains. My original, core entry was down at $36.14.
Keep an eye on DNKN SBUX for pin action shorts
Elsewhere, watch that Japanese Yen for strength to see if it pressures equites.
Here was my note to members about coffee:
Sold 1/4 of 3/4 position Long $JO @ $39.86 from 36.14 core entry and $37.21 add to scale gains. 1/2 position left now. Stop raised to core entry. Taking advantage of opening gap higher after several days prior of rallying.
UNG imploding today! Not sure how you hold these commodities. They have way too much gap action due to 24/7 trading of their underlying futures contracts.
Sia,
I sold yesterday before the plunge. You have to be quick and decisive with those levered ETF’s.
Nice scene. Dialogue is unique and the acting is great. It’s all about the coffee.
It’s a classic.