10-27-16 was down -$0.22 and the model projects that the component on yesterday's kill will be down between -0.10 and -0.40. I post this with a bit of anxiety because the model has missed the past couple of days. But I have to go with what it says!

Packers purchased 81.5% of the moving average purchases yesterday. Tat is is in the "Normal" range.

The ZZZs settled discount to the cimponent by -6.68. Last year from this date until the ZZZs expired the index droppd -16.85 so the "Gap" is not unusually large. The fact of the matter, though, is that a lot of the drop may have already occured.

I'm sticking with my short ZZZs and GGGs just in case there is continued weakness.

Best wishes,

dhm