There was a rally this morning mostly based on commodities. I was fortune enough to have been long RIO and PBR. I’ve exited it all my positions since they were all up 9-11% so I’m calling it a morning but I’m watching out for a retracement back lower for the day. You all should keep your eyes peeled as there should be upside to about S&P 750 or so. That’s another 5% upside from here but in old day terms…that’s really 2.8% upside. I’m going to be looking for shorts again as the market approaches higher levels but for now, let the squeeze run a little bit.

Disclosure: No positions.

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