Roll your sell stops up for Dow futures longs. Take some profits at 12,700 on that rally. Dow cash could rally up to our 3 year high which we posted just back on May 2 of this year. 2-1/2 months ago… 12,873 Dow Cash 1372.70 for the Cash S&P.
Corn looks sick. It should be rallying and its not. Buy Sep 6.00 puts for 5 to 6 cents a bushel. Look for this market to melt, even though the fundamental say “buy”. This looks like a dis connect. Barring that, if we get one more pop up to the $7.00 level in Christmas Corn (Z) then sell futures with a stop.
Grain markets are getting bullish fundamentals with this heat dome. Why aren’t they rallying?
I continue to want to be short gold at 1600-1613. Hopefully you took profits on the initial break down to 1583. Now you should be either 1) playing with profits from that trade, or 2) still short but with a worst case scenario of a push.
CER