Today’s performance was largely mixed with most markets trading sideways/choppy – really not much to highlight. It was good to see more upside in Orange Juice (OJ) and 10Y Notes (ZN) but nothing really to write home about. I think tomorrow will be very different with the monthly CPI report due out in the morning. As a reminder, the CPI report last month caused a fairly large selloff in the index futures. While something similar could happen tomorrow, it seems like the market should be better prepared for a hot inflation number. I expect to see a lot of false moves directly after the report, with the market rewarding our positions at the end of the day.

For tomorrow, we still have a trade setup to reverse our Coffee (KC) position on weakness tomorrow.

Have a great evening.

NEW ORDERS:

TICK L/S ORDER $ ENTRY $ STOP NOTES
KC Short GTC 154.55 162.05 Still open to flip; new entry $

UPDATES:

TICK L/S UPDATE $ENTRY $STOP
JO Long Move STP 115.6 121.75
ES Long Move STP 4228 4227

To see our current and previous positions YTD see below.

CONVICTION. EXECUTION. DISCIPLINE.