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Fractals point to completion of commodity correction. Accumulated a large long position on GSCI futures (Goldman Sachs Commodity Index Futures). Will keep pyramiding up as markets rally. Took on a small long position again in corn futures with a tight stop at the 353 level. Continue to carry a timid long position on the Nikkei futures which shows some promising signs. Overall my largest positions and exposure is in the forex markets were volatility continues to rise with the uncertainty surrounding Greece. Might open up a pandora’s box for the EU with Portugal, Spain and italy next on the list.
Forex: Long GBP/AUD, Short EUR/SEK, long USD/JPY, long US Dollar Index futures
Interest Rates:
Eurodollar December 2011 perceived fractal has not proven as expedient as I had hoped. I however continue to carry a short position. If these markets can touch the 97.300 level I will increase shorts to over 100 contracts.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Covered Short position on Eurodollar December 2011 futures at 97.010 level. I expect Eurodollar futures to probably fall further tomorrow before they begin a secondary rally back to the 97.600 level. I will be going short again at those levels.
Trying to time the secondary selloff in Orange Juice futures has proved flawed. I sold out my longs at the 1.30 level and went short only to see orange juice rally further to the 1.350 level. Who is to say it will not continue rallying. My analysis points to a retracement in OJ futures to the 110 level. Trying to ride both waves carries the unintended consequence of missing the bull wave.
Remain heavily long the Nikkei but I missed out on the MSCI Taiwan Index futures. All said, volatility will show up most in the Forex markets. I remain heavily long the US Dollar and short the Yen.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Yen finally began dropping, Kept selling Yen short against dollar as it broke the 0.9450 level. Continued selling through 0.9700 carrying large short yen position against US Dollar. Further increased short position of yen against Aussie as it rallied through 0.7600 (AUDJPY). Overall I am heavily long the Aussie and Short the Yen.
Kept increasing short position on 2011 Eurodollar Interest rate futures. ED broke the critical 97.140 level only to bounce back above it. I need it closing meaningfully below it to leverage short position.
Increased longs on Nikkei and tightened stop positions.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Financial Markets | RefCapGroup | 
February 3, 2010 4:20 am | 
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