The higher the markets go, the sicker I feel. No that’s not quite it. I did catch a cold over the weekend. And, I am actively monitoring price action. If I see any really strong opportunities that stand out, I will call them out. Otherwise, it will not hurt to sit tight for a few days, as post-fed and post-unemployment the market clarifies it’s current conviction and direction.
If you must trade, there are a couple key markets ripe for some straddling, coffee and cotton are at the top of that list, with markets like sugar and indices not too far behind. But, the big picture, the dollar is really weak here. I’d advice to watch this play out. We could quite likely take 2-5 days for the dollar to clarify that it is going to take on lower levels. In which case, step aside and watch the foolery ripple through the rest of the markets.
Don’t expect much activity this week as I work off this cold. Meanwhile, stay warm and keep your capital out of harms way.
