I am glad I closed half of my short S&P position yesterday and I am disappointed with today`s action. Lets see how it goes tomorrow but I am ready to run away from the market with the rest of my profits in my pockets. I am planning a trade on the Schatz Futures, a play on 2 year german interest rates on EUREX. I have been shorting and covering Schatz over the last few months, been able to extract a lot of euros from that market. Its one of my favourite markets and I have a very good track record playing this contract. I am looking forward to open again, preferably to short above 108.20. Even though I think the current level (108.06) is already a very good starting point for shorts.
Did you see the rally in oil today? Big upmove, reversing almost all the losses from previous sessions. I plan to short a small line in oil in order to extract the contango in that market. The contango is nearing 2 dollars per contract which is pretty fat. Its a 3% monthly rolling yield for shorts. So, what that means is that crude oil has to rally over 3% per month for you to lose money. Its a decent proposition at least as far as I am concerned.
Now, one little appetizer. Check out questa macchina. Its the fantastic Ferrari California. Visit this website and be marvelled with this beauty. Go to the configurator on that site and choose Rosso Corsa for the outside color and Crema on the Trim. That would be my choice.
Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage.
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