this looks like fishing time for ITZ IF it wasn't too early. Glad to hear you did your homework and were awake and on duty when the fish were biting.
If it weren't for having my profit target hit on some K/J spreads, this would be a nothing day for me. It isn't very often that I have a losing spread trade. And so I trade them more often than the outrights.
The 201 report is late today . . . "Due to packers submission problems"!!
I'm thinking we are going to go limit today, ITZ. Usually at least once in front of a cash settlement we get a limit move when the Big Boys start having their way with us and it is usually in the opposite direction of what the fundamentals are hinting. With the index trending down, it is appropriate, then, that the limit move be UP!
Best wishes,
dhm
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