Blow Off

Friday's unemployment report was the excuse for a gap up and strong rally to make further all time records. We were stopped out to limit some of the damage, but overall the first third of the year is one we would rather forget ! We are concerned that the market may now begin a hyper-inflation run, but are prepared to risk one more short, until further confirmation has been shown. We will short 5 contracts at the open of 1613, with a stop of 1623 and a target of 1575 where we will take profits.