Dip trade worked again though not much of a dip and didn't get many contracts on. Starting to lock in profits on the calls today.
http://www.calculatedriskblog.com/2009/09/report-treasury-to-announce-short-sale.html
Wish they would buy BAA, been sitting on this one for months.
:D
There are better safer longs in my opinion, but good luck with it if you decide to take the trade. Just be wary of any time the company schedules...
Risk of a blow off top to this move has increased as shorts have not capitulate but rather added to their positions using today's price...
Sure it can rally with the rest of the market but why not buy tech instead, you get the same benefit from the weakness in the USD but without the...
Translation: Darling/King, we have you by the short hairs, don't even think of pulling back now.
I agree completely, the biggest risk to the rally right now is dollar strength and it could manifest quickly as so many are short the USD. However...
No, just pull up a 5 min chart of the Es and the EUR and you will see what I mean. If the EUR is showing strength and you get a good buy set up on...
They can't, here's why:...
As I said, there is a good reason the shippers have been laggards in this rally.
The morning rally in the EUR stalled out close to Fridays high and pivot and reversed and that took the bid out from under equity futures.
If I were still long for a trade would be taking profits now as we lost the dollar weakness.
1:40 AM am looking at the the USD that is what this strength in equities is all about, follows dollar weakness as we saw again this AM Dollar...
Overnight dip trade worked again like a charm out +5
Probably just as well, did you see that article Bylo posted about shipping, brutal! There is a good reason the shippers are lagging this rally.
I wouldn't be too sure about that. Two Fed heads are speaking Monday and will no doubt jawbone the recovery as much as possible and the media will...
If this market can't hold the 1000 level a second time it could spell trouble though I doubt we trade back down there again. Long above 1000,...
You make a valid point. One possibility is that they know they can't hold the markets up in to the mid term election and so if they take it down...
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