Do you think institutions want to hold securities over the weekend with all the headline risk out there? This momentary stabilization is likely a result of misguided buying in hopes of a capitulation rally and is providing a great opportunity. I'm short ES, NQ and long the yen, and expect a significant decline into the close.
cover on the close, r/r is terrible to hold this through weekend. bernanke has invented all kind of stuff and could squeeze everybody huge with some kind of new plan , vix is too high.
What you just said above is TOO OBVIOUS. And as someone that I once traded for ( in "Market Wizards" ) . . . "What is obvious, is obviously wrong." "Daal" is correct. Bernanke has been getting more and more creative. I wouldn't be short over the weekend even if you put a gun to my head. If you must "play" make smaller bets. Just not worth the risk at this point.
we haven't exhausted the creative solutions yet. when and if the PPT is out of ammo and it is obvious to all then you get the life jackets out. IMHO.
I'm covering half my shorts here with a b/e stop on the rest, risk/reward ratio is deteriorating on this trade