Stocks are falling fast. The temptation is always to press short bets but the unfortunate reality of the day-to-day chop is that the counter-trend rallies (of which there have been many) are ferocious. I've already witnessed multiple 200+ Dow Pt. Vertical Rifts that would make even the most steadfast Bulls jaw drop. The rallies, of course, have been fleeting. It is a Bear Market after all but we must be careful and tactical in our trades or risk getting diced by the daily ppt algo chop-factory.
Oil is getting crushed with mounting domestic storage concerns. Iran flooding the market. Crumbling Nations choosing to deal with the supply imbalance by pumping even more... Crude is a mess but the volatility is insane right now! It's a tough trade with many geopolitical risks *Such as daily OPEC supply-cut rumors. My gut says it goes lower but trade at your own risk!
Nobody is onto this trade yet & there is heavy short-interest in all of these beaten-down commodities. I am still keeping a close eye on developments in these markets and am ready to pounce if the opportunity arises. As of right now, I am mostly interested in Sugar, Soybeans, & Cocoa as potential long opportunities.