Trading Coach - Actionable Market Levels - Feb 8 2019
John Caruso of RJO Futures - InsideFutures.com - Fri Feb 08, 1:56PM CST

Actionable Levels:

Market

Trend

Range Low

Range High

SP500

Bearish

2610

2748

VIX (Cash)

Bullish

15.01

21.66

OIL

Bearish

51.00

54.45

GOLD

Bullish

1296

1338

10YR

Bearish

2.62

2.75

Our near-term profit objective was met in the 10yr Notes @ 122'130 obtaining a $718.75/per contract profit

Current Holdings....

Short SP500 2616 - we've been risk managing this position with long call options, but this was clearly a mistake nonetheless. Our Cycle, Fundamental and Technical analysis view still very supports greater downside risk than upside reward in the near to immediate-term.
Long Gold from 1286 - We'll continue to ride long Gold (our 2nd favorite position behind Bonds)
Long Japanese Yen from 91.17 - We believe their is significant upside potential in Yen Futures.
Have A Great Weekend! We'll catch you Sunday night for the open!

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