Weekly Poll: After Brief Excitement Will We Go Back to Boring?

XLE at 76.38. Would today's buyers later regret buying at this price and higher?

 

I agree with this part. Good analysis! Any other ways (even in hindsight) would have been good to play Japan?

 

SPY/12EWJ spread is at 1.02. I believe that those who short it would start taking their position off at this level-- they made a great trade fading the hype and the crowd.

Would they now reverse the burger?

 

Are you regretting not getting on board when EWJ was at the 9.25 area? Now EWJ at 10.64. I have a feeling that smart money may be taking some profits. Would they also go short now that the crowd may be thinking that it is "safer'?

Is it not too risky if I were to short EWJ at current price and higher?

 

The spike was the top? It is now at 1.02? is the trade idea still valid? If yes where is the floor?

 

Can this market get any more boring today, its been stuck for the last 4 hours....

 

TJ, I told you that you sell on the spike. I would not be short the Nikkei after it crashed 20% in two days. There are much better products to spread against the spoos right now then the Nikkei.

 

What are (example of?) those products?

 

It is normal that it gets stuck--- volty has to come down, because it can go back up or go down further.

 

XLE at 77.84. Why is it trading at this level? Would short-side smart money get involved?