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.