Despite the recent up move, I'm still bearish on the Euro. The long term trend is still down after it's Greece election breakdown. This up move is most probably a fakeout move, imo.
One trader said that the market can act irrationally longer than your net worth can last.
I took a beating when I thought markets should go down following the end of LTRO#2 at end of February and stocks continued to rise on expectations for further liquidity. At the time I wish I had no long...
Huge dumpfest in retailers: HD, LOW, M, JCP, DLTR, ANF, AEO, GES
The unexpected negative print in Consumer Comfort Index was a factor.
Then, Goldman Sachs recommended shorting Consumer Discretionary.
I see. That was my reasoning to get out of the 5/18 SPY puts last week, then rolled into the 6/15. Saw the early decline this morning, sold half my 6/15s, and put on the aggressive 5/25 weeklies that just started trading today. I also have stock position in TZA.
By the way, I was down for the...
Speaking of public boners, you should wonder what Sarah Eisen has underneath her skirt.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=242672&perpage=6&pagenumber=1
An unverified article was quoted. I don't know how credible that source is, but 8% of any major market seems improbable for any individual.
Hamanaka was said to control 5% of world's copper supply, which is a lot smaller than the government debt markets.
(Russell 2000). Slow. Painfully slow with numerous fakeouts. My pet sloth can move faster.
Maybe continually held up by expectations for QE3.
US markets are the strongest vs. European and Asian indices.
Nope. I don't trade this phenomena, only pointing it out.
It can go wrong a lot.
However, I did read some study that said 30% of the time the high or low of the day occurred within the first 38 minutes of the day. Then, something like 45% of highs or lows of the day is contained if expand to...