Position Update JJG…MOO

We’re buying a partial position in the JJG.

I want to have a small core on even though it might be early. Leave the resting order to buy working @ 41.60.

MOO…I like today’s low of 49.20

Start a position in this as well.

This will make us long The SDS (short Spu’s) and Long the grains via “JJG” and Grain names via “MOO”. We want this to be treated as a spread. In other words Long the Grains and Grain names vs. Short the broader Index in equal amounts. Price action will determine what happens next.

We’ll let Mr. Market tell us which is correct.

 

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