Sunday, March 13, 2011

3/13 8:10pm

With I1 up I want to position for a long in the stock market until 3/25.  However, the futures are trading in 3 waves this evening so I'm not in a hurry to re-enter.
I'm holding the short June Euro with an order covering at 138.40. 

Until mid-May I will not be holding large or long-term positions.   Until this time I will short stocks a max of 12% after 3/25.
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3 comments:

  1. AnonymousMarch 13, 2011 at 5:48 PM

    Spike down in the DX filled a lot of small but open gaps. Still a downside open gap in treasury futures.
    -TR

    ReplyDelete
  2. AnonymousMarch 13, 2011 at 6:05 PM

    steve...I have to hand it to you, without the Jap situation I think I1 would be caring the day. I am assuming I1 does not take into account Force Majeure. When you have a moment would giving us the latest 3 month view for I1 or direct to the day you last posted it. Thx Ben

    ReplyDelete
  3. SteveKotelesMarch 13, 2011 at 7:45 PM

    Ben, I posted the latest I1 chart in the 3/11 Daily Commentary.

    ReplyDelete

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