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Friday, March 29, 2024

Comment by phil

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  1. phil

    Copper had a nice run to $3.074 this morning (7:30) but now all the way back to $3.04.  Copper was our long this morning in my 5:17 comment – good for $500 per contract on a .02 move.  

    Nat gas flew up today from $4.22 to $4.37 – that's a huge move.  Gasoline popped from $2.82 to $2.87 but oil can't hold $99.50 (now $99.40).  Silver not holding $20 and gold can't get $1,300 back.  Very strange today.  VIX down to 13 even, TLT 107.25.

    XLF at $22.50, where we're supposed to sell some FAS in the STP so let's sell 5 (half cover) April $96 calls for $3 ($1,500). 

    16,500 on /YM, 1,885 on /ES, 3,660 on /NQ and 1,190 on /TF – I'm all in favor of shorting the laggard if those don't hold.  Still can't bring myself to play the upside.  



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