I've had pretty good luck trading DBC, and I've got to say, I'm liking it more each time. It's got a nice, clean stop at 19.09, and if I allow a little bit of a fundamental analysis creep in to my thinking, I only like commodities more.
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Deja Monday?
Maybe God read my braggadocio about my circadian rhythm and decided to teach me a lesson, because I woke up late this morning (half an hour into the open) for no good reason.
Last night the /ES was down over 20 at one point, but as of this writing, it's recovered more than half of that. Is this going to be a repeat of last Monday, where we get a little drop only to soar higher the rest of the week? I won't speculate on that right now; what I will say is that it's pretty important we at least snap under 833 for this to get any more interesting for the bears.
Time to play catch-up…….
Famous Fibs
- "The check's in the mail."
- "There's another bus coming right after this one."
- "Your table will be ready in a minute."
- "My account is at about break-even so far."
- "I'm not a bull or a bear. I just trade what I see."
See you folks in the morning for what probably will be an interesting open.
