It’s almost over,my eyes are getting tired at the end of another hectic week.

Day Traders…

The oil just traded up to the 200 day mvg avg.,just shy of $95/bbl. Watch for market tone, this is a Risk On indicator.

We would expect to see some 2 way opportunity early, with the SPU/BOND spread to be active. Trade what you see.

SSO & SPU…If we get a rally today to the recent highs, 48.50 ish SSO or 1280 S&P Futures, lock some more money in on your spreads.

This is done by Selling some SSO as well as selling some TBT if the S&P gets back up to the 1280 level today.

Model trading Portfolio…Current Holdings

Long SSO

Long TBT

Long S&P 500 Futures/Short 30 Yr. Bond Futures.

All stops are as previously stated.

All trades have been paid for. Meaning, we’ve taken partial profits. Whether or not we get stopped out, we still make money.

Medium Term View…

Our medium term view is that the Equity markets have put in a bottom for the next few months at 1070 SPU. We want to see the S&P 500 Futures hold this 1206 ish level on a closing basis or we will reevaluate our view.

Metals…Looking for weakness into the first week of Nov. Then, if the technicals agree, we’ll re-purchase the metals for a longer time frame portfolio buy and Hold for our private wealth clients.

30 Yr. Bonds …I’m treating 147 as the high for a long time. We’re looking to sell big rallies for the foreseeable future. This includes hedging strategies for our private wealth crowd that have Bond Fund exposure.