Position Update…Stop Adjustment

We were stopped out of the remaining Long TBT.
We are still
Short 30 yr. Futures…

JJG orders to sell and take profits are working and still good.

Cancel/Replace…Lower the protective BUY Stop to 144.16 from the original 145.05

Cancel the 145.05 Buy stop in the 30 yr. Futures…
Replace with a 144.16 Buy stop..

Notwithstanding the big rally in the metals, it took all my discipline not to chase that.The metals are still being sold on big rallies as investors prefer high yielding stocks.

The Dollar is very strong and I would expect that to translate into the Equity Indices holding breaks until at least the Fed statement,and even then I doubt you’ll hear anything new to change the current complexion of the board today.

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