We found sufficient evidence of tiredness and timidity in the S&P futures to justify shorting the market speculatively, which we had already done in Rick’s Picks by buying Diamond puts. In Gold, we identified a midpoint support that subsequently provided a precisely tradable but short-lived bounce. Looking at T-Bond futures, we came up with a few more reasons to think that prices will continue to fall, and therefore interest rates to rise, in the weeks ahead. Copper and Crude looked bullish as all get-out, and we foresaw the possibility of an exhaustion spike in the latter that could take prices to as high $111 per barrel.
