Time: 11:34

Money Management:

Hedge metal positions in front of jobs report tomorrow. A somehow positive number as compared to perceptions will lead to further US$ rally and weak commodities. While I don't believe this will happen, our oversized position in commodities most notably the precious metals requires action to defend principal for the short term.

Trading Technique:

Only add to positions when the 60 min. charts give a buy signal

When the market goes against positions in the morning and we decide to hold thru the volitility, NEVER add to positions on the way down. It is important not to compound the pain. There is always time to add later. See the rule above.