Registered: Nov 2005
05-17-12 12:44 AM
Wondering if someone can help me puzzle this out. I watch SPY, euro etf, and tbt in relation to the rth open. Today tbt was consistently weaker than spy while euro etf was consistently stronger. I haven't been watching this combo for too terribly long so it's not like I've seen every possible configuration here but this struck me as odd.
It suggested to me that the dollar was not showing the same strength, on an apples-to-apples basis, as the 20-yr note. If it had been, then both euro etf and tbt would have shown less relative strength than SPY in relation to their respective RTH opens today.
Thumbing this out on my iPhone so I'm sorry if this is a bit incoherent. Hopefully someone understands what I'm saying and can shed some light on my ignorance. Thanks