There is going to be some MAJOR pain for some global macro commodity funds this month with the Euro. Serious damage being done.
Was short and (had sold puts) where I wan to cover not getting "serious damage" calls..... was a little "wrong" about it...... next... collecting puts and will be looking to buy calls at some point, but .03 cents isnt anything outside of expectations ? Unless day trading....
Dollar broke bad against all currencies today. 200+ pip move in the AUM. Did the Bernank say something?
This is what I love about this thread. There are 100 threads of guys handicapping all the news out of Europe and basically shorting risk assets blindfolded and the people over here are looking around and asking "was there news today"? LOL. True technical traders over here.
Morgan Stanley up 19%, they were supposedly heavily exposed to Europe, some folks over there breathing a sigh of relief, there is a funky inverse head and shoulders on the daily that that may take it to 24.
Kinda figured something might be up. Pivot range the day before the move was 5 pips wide. Very very narrow. And, I was able to take position early in the day, which was also unusual. So much so that I took the position, then shut my platform down. I had a mobile alert sent to my cellphone in case I was wrong, but even then I felt that a C down would ease whatever pain I might have taken. Two days to go in the week, I am sure today will be a bad A and then a bad C.