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Friday, March 29, 2024

Comment by phil

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  1. phil

    Good morning and wheeeeee!!!!  

    Spanish Government moved to shut down Catalan independence so a sharp dive in the markets.  I just cashed out yesterday's webinar shorts as it's a move down that's not likely to last and it was a nice, quick gain ($7,000 on /TF, $1,200 on /YM, $720 on /CL) – a good way to move into the weekend!

    $51.40 bounced last time so why not just take the cash?

    /RB may still have room to fall but now we can play the $1.64 line with tight stops:

    /TF likely to bounce off 1,492 and we hopefully have learned not to press our luck on these!  

    /YM obviously is going to be bouncy back at Tuesday's close (22,900) so, again, why sit through the bounce when we can re-short later?  Watch that 2,300 line but it should be support once it's taken back, which is game off for shorts – for now.

    /NG still a good floor at $2.85 (front month) and $2.99 on /NGV8

    /KCH8 ($127.50) is our coffee long (and also U8 at $135) the front-month (/KC) is $124.50 at the moment

    We'll see how bouncy things are but a dip like this is a gift pre-market (when you are short) and we don't look gift-horses in the mouth.



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