Currencies all looks to have turned, with Euro and GBP leading the way. ML solidly down and SL turning. Took a short position in EUR and GBP.



Problem with trend trading is you get a lot of whipsaw, saw that happening earlier in stocks and now in NG. But well, that's the price we pay to trade properly. S&P looks like a good short now with prices below the 50 SMA and ML and SL pointing downwards.

Meats doing extremely well, everything is solidly down. Took 1 lot of feeder cattle and added one to lean hogs.



Trimmed down my positions in grains, holding on to long corn and soybeans. Looks extended and as Chick says, now is seasonally weak period for grains so rather dangerous. Should corn drop tomorrow, needless to say, I am out.

Palladium looks like a good short, with a tight stop at 741. should prices fall today, could set SL off to a long decline which obviously, will have been led by prices.

Sugar looking good, but will not add on to position now, maybe tomorrow. Recent price movements very funny to me.

Currencies
EUR -1
GBP -1
Equities
ES -1
Energy
Metals
Gold 2
Palladium -1
Meat
Lean Hogs -2
Feeder Cattle -1
Grains
Corn 1
Soybeans 1
Softs
Milk III 2
Cocoa -1
Sugar -1