2011-03-28

The tomato soup was very nice and warm to the stomach.

Sell-To-Open Nikkei 225 1000 contracts at 9507.6 (2011-03-28, 04:24 am EST) as there is new negative forecasts on Japan's GDP impact, and more negative forcasts to domestic and export industries.  In the days and weeks to come we will hear from Japan's trading partners that they are finding ways to weaken their reliance on Japan and this will greatly hit the confidence of Japan.  The numbers will follow gradually in quarterly earnings.

Copper May 2011 is currently at 434.25 (2011-03-28, 04:28 am EST) and I am slightly out of the money.

Dow30 Index Futures is currently at 12258 (2011-03-28, 04:36 am EST) and is about to complete the V-Shape pattern fully retracing the high of 12400 on Feb 18th, 2011.  I am not Longing or Shorting Dow30 yet for I am uncertain of the Middle East turmoil.

Crude May 2011 is currently at 104.75 (2011-03-28, 04:39 am EST)  I am itching to Short but have fully committed my margin to my Long Copper and Short Nikkei 225 trades.

I shall get some rest and resume trading at 9:00 am EST.  Stay Tuned.

Jeff