Thoughts for Friday 8/11

PPI day.

Going into Globex we had short against 02/06 which gave couple points but then we had flipped long against 06 with London open as >08 was printed. That gave few points to the upside.

After CPI we went straight short against 24 which yielded 30+ points. Then we shorted again at 4536 and 4520 and then at 4506 which went down 50+ points to 4476 making enough points for every one. We stayed short against 06 all day.

Econ Tomorrow:

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