Be Prepared for Fresh Shorting Opportunities by AL MARTIN (INSIDER INTELLIGENCE)
(10-19-14) In Friday’s trade action in the Dec. Spoo contract -- we had bought the contract early session at 1877.50. We suspected that the contract would move higher, but were uncertain if it would get back to a test of Wednesday’s “gift shorting high.” Accordingly we had a sell order in at 1887.50 which was filled. We did however have a standing sell order at 1891 in the event that Wednesday’s “gift shorting high” was rigged. We were filled and are currently short from 1891 and so far as we are expecting a triple test of that 1815 area in the coming week’s trade.
Also we finally covered our short Bonds in Friday’s session that we had sold away on a knee-jerk reaction at 146.08. We had covered at 142.24 reversing our position and are currently long the Bonds at 142.24 in that we think that any move down to 142.75 or lower in the Bonds is a buying opportunity.
The Oil – we were short on our standing order at 84.06 which we covered on our standing cover order at 83.06. We think the move back up in the Oil is an absolutely prime shorting opportunity and that the Oil should be shorted on any moves back to 83.