Q: How does one know they're hopelessly addicted to trading? A: When you cancel a Dr's appointment you made over a month ago because the Super-Bowl Sunday of trading decided to fall on the same day. QQQ---> $439
It's a growth scare, and the Fed has a lot of room to act, but at this point in the cycle it won't matter. It was all AI until it wasn't. You really think that this is algos battling it out? C'mon. SPX won't see 6K for at least 12 months.
Algo 3 longs just now. Right after 9:10 there was some volume. Manual Long @70; +1 @65; +1 @54 Algo Short@50 Cover @47 +28 Algo Short @30 cover @38 -32 Algo Long @ 42
15% in 12 months and a level that is 5.9% above the current all time high? I think WS can live with that.
I think we'll end the day near 5200 than 5300. What's not to like about free entertainment over a meal? But not for breakfast, sorry. Way too early.
As someone said above, this could be the wind down of yen carry trade. Needles to say, all the money borrowed probably went into Bitcoin and AI stocks. Hence, the two biggest casualties for the day
if it is unwinding the carry trade, it just started. japanese government are in so much debt, no hope to getting out.
Algo Out 42-46 for +16 Still Manual Long 3x @63 Algo Long @49 out @40: -45 Algo Long @49 AGAIN! out @ 46 -12 Algo Short@32 out @24: +32 Algo Short@23 out @29: -24
in just 20 days, we've sold off 10% (from ATH to today's low). Still, we're up 8.35% for the year. Now we've been down 3 days in a row, so I would reckon we get a breather soon. We'll likely retrace back up to 5350-5400 area before being taken down again (??).
That too, but it's mainly the differentials that will end up swallowing the unwary investors, especially if BOJ decides to raise the rate while FOMC decides to lower it.