I am going to set aside the gun-slinging with the /ES for a while, since the market is in too curious a position to have the risk/reward make sense. I'd love to short from much higher levels, but I'm not comfortable going long in this kind of environment.
Instead, I am turning my attention toward energy and commodity issues. As I've said before, if the market ever gets its head screwed on right and moves higher, these sectors will lead the way. The reason I'm comfortable doing this now is that the stop-loss levels are close enough to make these relatively low-risk trades. So my principal positions are in some of the issues I mentioned in the last post (OIH, USO, DBA, DIG……..)
The /ES has been very good to me so far this year, but I'm going to set it aside until the risk/reward makes more sense.
