Happy Friday The 13th!

Friday the 13th has always been a lucky day for me – I kid you not. It’s Saturday the 14th that you’ve got to watch our for. Why you ask? Come on – it’s Evil Speculator 101! Because you finally relax and let your guard  down, which is exactly what Jason has been waiting for! Anyway, spending the weekend at Camp Crystal Lake shouldn’t be a big deal to anyone trading the spoos these days. Calling these swings ugly would be a compliment as the clean up crew at the CME has been pulling double shifts steam blasting entrails and dismembered body parts out of the trading pits.  

Actually I’m actually half serious – today could get ugly in a jiffy and we should be prepared for a juicy move in either direction. At the current time (i.e. about an hour before the opening bell) the E-Mini looks like a passable short if you can get in somewhere below 2060. I just snagged a long position but am set up to flip short if it drops below 2046.

Yes, this could turn into a double whipsaw but the odds for a big move here are good as realized volatility has flagged expansion over the next few hours. Let’s see what happens.

Soybean Oil has been on our list twice already over the past week, netting us one 2R+ winner and one 1R loser. That 100-day SMA touch is looking extremely tempting and the hourly is in sync. Almost too nice if you ask me and knowing that Jason is working the trading pit today I’ll only grab a very small long position here.

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