I'm not doing much. I keep an eye on markets, but there's simply no direction. Since stocks are not moving, all other commodities are not moving either. I'm still holding NG and LB. NG is hanging around break-even point. I'll roll over early and try to sell Apr puts. Lumber went as low as 139ish and had 3 limit up days. It then again went down, so now being traded around 155.
I'm not sure if markets are trying to bottom out here or test the low again. The best possible case is we have one extreme hammer day to run stops and close above the open.
Bull markets are usually very slow and small ,and bear market rallies are fast and big.
Wednesday, February 11, 2009
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