Virtually all of the markets we follow were down today, on the back of a higher import prices report by the commerce department. Bonds were off across the board, with 10 year note futures down 7+ ticks. Grains, Metals, Softs (with the exception of Cotton) closed the day down. The energy complex was down on stronger than expected refining capacity, and the Dollar rallied. Interestingly, virtually all markets closed well off their worst levels of the day, possibly indicating some sort of inflection point has been reached.

We are still short Volatility, having sold October SPY 119 straddles on October 6th. Our break-even point is 116.10 on the SPY.

Current commodity positions:

JY Short 1
CD Long 2
C Short 4
W Short 4
HO Long 1
SB Long 3
HG Long 2

Tomorrow is indicating neutral on the daytrade TNR (Trend, Neutral, Reversion) indicator for both ES and NQ.

Good Luck!