Tuesday, June 29, 2010

Covered the other half

premature... probably - seems the Sept. futures are holding this spot - 1033.
total points - 95 or so !!!


  1. Congrats Jeff! That's a pretty awesome trade. We'll probably get a bounce tomorrow so there should be more chances to reshort again.

  2. Hey Julian,

    Thanks for the note. I think you are right. I'm looking at 1058 to 1060 and then maybe 1065. 1082 would be gold, but then do you really want it there tomorrow? Whatever happens, long term feels like uncertainty bordering on ugly.
    Hope you are well.

  3. I would definitely not want it back at 1082 tomorrow, that would be scary (although the way the market has been acting lately anything is possible!).

    I completely agree that longer term this is looking bad. The market might not roll over right away, but later in the year almost seems like a given to me.