I went to my small trading account and was surprised to see it green today despite my short against DBC. TSLA is getting hammered on reduced sales projections.
That leaves DBC and with TSLA doing that heavy lifting (or dropping) it gives me a little breathing room to hold DBC short, despite its bounce with the inflation trades (and in line with the Silver/Gold ratio, per the previous update).
Besides, when I look at the chart what I see is what looks like a bear flag bouncing from a minor support area. Down volume has dwarfed up volume.
Just an FYI update on the commodity complex. Depending on what I see today and in the short-term, I am planning to hold short and possibly add others.
