3/17/17 was down -$0.42 and the model projects that the component on Friday's kill will fall between -0.15 and -0.45. The JJJs settled discount to the component by-2.71 on Friday. They are now trading at about that same level.

Packers purchased 111.7% of the moving average daily purchases. That is not a particularly large number for a weekend.

ITZ - I'm with you on being confused about the direction. The data is not being very conclusive. It just might be that the kill rate is now beginning to pick up so I a leery of being long a JJJ pig. I came into the day long one sold it as a scalp and am now trying to buy it back.

Best wishes,

dhm