The Founders Group just sold its 10% futures position at 4536.25 for a gain of 170.75 points per contract. This is the culmination of the “Cradle Trade” identified back on October 13th, barely a week ago. We have reached the Weekly Expected Move and our original target.
The market has behaved extremely bullishly. Nevertheless, pigs get fat and hogs get slaughtered. I don’t want to be the hog.
Tomorrow is options expiration and I am taking the day off, so there will be no pre-market outlook. The next publication will be Sunday.
A.F. Thornton