MURICO.com Forum

I have a bullish bias but I'm short

How does that happen? The fish are biting on the south end and June hogs need a retest of support at 80.50-81.00, so I'll keep most of my fishing lines at the south end until my 80.50-81.00 targets are hit. I was using 82.85 as bait today and 83.50 for damage control. Took profits on 1 at 82.10 after waiting patiently for 2 hours to get 81.95. My Prime directive over ruled patience a few minutes ago at 82.40 to take what I had. I have an order to reload with another pair of shorts if it gravitates back up to 82.80 but I will work damage control at 83.50. I do have a line working at 84.25 on the north end just in case we get a surprise reversal.

We should have some good back and forth fishing weather with the market somewhat undecided with what direction cash chooses to go now that June is front month and Memorial Day demand is past. Don't overlook the next 2 upcoming grilling holidays with Fathers Day and July 4th.