Tomorrow is Fed Speak day. They are creative, they are good, they are powerful. However, too bad they been dealt a macro hand that is impossible to win.
Closed all shorts except 2 futures in at 1102.75 on the /ES.
Holding a few long term trades, Natty via UNG,
Almost embarrassed to say I own that value depleting rollover contango son a gun, but it has been great lately, and gulf events and seasonal trends mean I will have a pretty strong hand on that one.
2 gold miner stocks, PTQMF and BGLPF--nothing too exciting there.
Some managed futures (they stink....12 month and net result is like 3% down, like most professionals....they need a strong trend to "survive")
also holding some UUP (USD ETF), but ready to throw that under the bus soon as I think wave 5 will be done.
