Insider Intelligence Subscribers Report Record Profits in Their Short Positions

(11-4-12) On the better than expected monthly employment numbers we saw Friday morning, our standing order in the Dec. Long Bonds at 147.18 was filled. We were sellers at 148.18 on the close, taking a whole point out of the contract. We had warned that recent weakness in the Bonds was a buying opportunity, and we would expect the Bonds to move higher early week in continuing pre-election jitters.

Also the Dec. Dollar index moved up smartly Friday as the Euros fell back. We had been consistently shorting the Dec. Euro contract throughout the week on moves above 1.2930. We were short once again coming into Friday's session, taking 100 ticks out of the Euros. Of course we had been warning about this for several weeks of the near-term overbought condition in the Euros, and we still believe the Euros are headed back to 127.50.

Good break in the Dec. Oil contract. We had warned of near-term overvaluation in the contract in our last week's missive -- a $2 break in Friday's trade.