Tuesday, May 24, 2011

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

ES showing a small profit, movement shows down side more likely to happen. Added 1 TF short. Holding on to currencies, yesterday's movements should be a small rally.

Grains not showing good short term strength but trend and ML still there, shall hold for another day and see what happens.

Palladium got stopped out yesterday for a small loss. Gold doing nicely and looking to buy breakout of 1528. Was considering silver, but risk too big as it is very volatile. Good to consider risk before initiating position.

Took profits in Feeder Cattle. Very good profits. Holding on to Lean Hogs as down side movement looks to be accelerating.

Sugar stagnant but if down today could set up nice move. CT moving higher and good chance move up could continue.



Best of luck everyone!

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