My man Joe Terranova did not show his TALENT in his book, Buy high and sell higher. Anyone being head of trading and risk manager at Fish firm is a great TALENT. But he is not a writer for sure.
Here's a nice little move: F, "bad" earnings, (sure, if you didn't see that they told you they were planning to post a loss). Big gap down to the Monthly A up, and the buyers took it all the way up to the weekly A down. That's a massive failed weekly!
Looks like a good old short squeeze. The monthly A up in the Euro is 1.3265. Seems like a good target next week at months end.
I've been eyeing the FXE-SPY spread for the last 10 minutes. What do you think of that type of pairing Mav?
It was good an hour ago! LOL. Currencies pretty much shut down at 11:00 central time on Friday so the rest of the day, it will not move much.