11/11/15 was down -$1.12 and the model projects that the component on the 11/11/15 kill will ease between -0.95 and -1.25. There seems to be a mild decline in the rate at which the Purchase Index is falling -

But -

The fact remains that the down trend is intact this morning.

Just got back from the bank where I took the profits from two short Z/G spread trades that I covered near the opening. Now I am heading back to port to see if I can reload them. I still have a few more sitting on deck.

Best wishes,

dhm