Commodity Meltdown

I am probably done for the day as the afternoon session couldn’t come close to being as generous as this mornings. My theme worked, and I was short everything. XLE,OIH,X,SLK,MEE,MOS and a few others.It was a massive program sell and those are the ones you want to catch, they don’t come around often. Some of these are catching bounces here. I have covered everything and will probably watch, unless of course they start melting down again later which is entirely possible. I will be checking in. I think the bounces have to be shorted for what it’s worth.

Russia is the wild card, so I don’t want to press too much.