2011-05-19th (Thurs)

At the end of the previous trading session I had the following positions;
Long 110 contracts Copper July 2011 with ACB of 410.73

Today was a day of low volatility in the markets that I observe, and I feel traders are unwilling to commit to holding positions through the long weekend.

I will be spending the long weekend studying their reports.
http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

Glencore and LinkedIn IPO's did not affect the markets I observe.

I have taken an interest in Wheat again, and this time is the flooding that has caught my attention.  A few months ago it was the drought that caught my attention.  In this business, no news is bad news, and having news is good news.

Sell-To-Open 10 contracts Wheat July 2011 at 825.00 (2011-05-19, 04:14 am EST)

Currently I have the following positions;
Long 110 contracts Copper July 2011 with ACB of 410.73
Short 10 contracts Wheat July 2011 with ACB of 825.00

Copper July 2011 is currently 407.40 (2011-05-19, 23:33 pm EST)
Wheat July 2011 is currently 815.13 (2011-05-19, 23:33 pm EST)

Our first line of credit activated on 2011-05-05th (Thurs) is carrying both positions with ease, and I am considering adding to both positions.

Total equity is 121% of May 1st and same as yesterday.

Stay Tuned,

Jeff
(2011-05-19, 23:35 pm EST)