7/5/17 was up +0.29 and the model projects that the c0mponent on yesterday's kill will be up between +0.15 and +0.45. The up-trend is still intact and cutouts are still on the rise even though we are through the holiday. Strong, STRONG demand.

NNNs are now in lock-step with the component.

Still long NNNs and one QQQ.

Best wishes,

dhm.