Start..Stop..Start..Stop...

This market is trading in a ridiculously tight range. Whats incredible is that we are trading in a ~40 point range in the S&P's but the intraday volatility is unbelievable. The violent swings intraday will give any seasoned trader heartburn. Until we break out of this range in either direction i will not be pressing my equity bets.

Commodities have been on a tear the last 2 weeks specially copper and oil. The reason i decided to trade futures this time around is because i wanted a pure commodity play instead of a derivative, diluted stock/ETF commodity play. So far the position has worked out well. 

I still believe the commodity rally will continue through the year. Though i intend to build a large core position in commodities, i will still occasionally trade around my core position. Nobody lost money taking a profit!

Long: FAZ, DRYS, Oil, Nat Gas and copper 

Short: Bidu