Position Update!

We’re exiting the SDS and the TLT today.
We will use this break to exit relatively unscathed and clear our head.

We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however we will not be staying with thesewith any market strength after 12:30 P.M. Chicago time.

A rally to 47.30 should be used to exit the SDS.

Spu’s…1511-12 will be descent support.

The Bonds held early support which in turn tells us to trade the TLT
off the Spu levels.

Natgas…it’s called the widow maker for a reason.
We’ll use a rally in the KOLD ETf  back to 25 to exit.

Natty Futures need closes above 3.77 or below 3.19 for a directional move.

The currencies and oil are a trade.

The Natgas infrastructure names (LNG & CBI) are on a major tear again.

These seem to be the best names to play in along with the big cap oil names
such as XOM,CVX OXY ect…DVN looks to be a value against 55.30 close.

Any weakness mid week in the above names should provide opportunity.

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