Quick update on my positions:
I closed out my oil and copper trades earlier this week. Commodities were starting to feel top heavy along with the broader market and i had nice gains in them which i did not want to risk losing. Closed out all other positions too last week. Only open positions i have now are long FAZ and long Nat gas.
Oil is in limbo right now. It might be consolidating in the 70-72$ range or just getting ready to roll over. I will wait on this one till the market tells you what direction it wants to go in and either go short or go long oil again.
Cant wait for the quadruple witching to be done with tomorrow so the market can get out of this intraday range bound trading and pick a direction next week. Sure does look like its going to be to the downside but my positions are relatively light right now to allow me to be flexible either way next week.
