10/14/14 was down -$0.70 and the model projects that the CME Index component on the 10-14-14 kill will drop between -0.25 and -0.55. Packers we able to make only a fair purchase on their lower bids at 95.3% of the moving average daily purchases.

The CME Index has been down for five straight days and it looks like today will make it #6. With cut outs being weak yesterday, there is probably more weakness coming.

I was looking for a bounce to 97 to short the ZZZs. It looks like the train left me standing at the gate.

Best wishes,

dhm