Rally last hour WTF ?

Quote from MrDODGE:
Going to be comical to watch the longs scream when financials fall 20%+ in a day.
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Rather miss a potential 8% bear market rally with a decent risk/reward setup than join the 'dumb money', go long for a trade and be forced to exit at a loss, right?

Last time I checked the money made/lost from un/-profitable short and long positions has the same net effect on my account.
 
Quote from hajimow:

I believe Oil has started to drop. It will hit $100 sometime soon in the future and this trend will make the the tech sector and maybe other sectors to rally. Financials might rebound but will not rally. I see some good buying opportunities in foreigh ETF funds. Real estate index like IYR is also one of my picks in oil down play.
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FXI should really benefit if this is the case as China is hit the most by high oil. EWZ will take a hit though as Brazil benefits from high oil. Then again it depenmds on why oil is dropping, if it is due to the speculators/Iranian premium then china should do well, but if oil is falling because of decreased gloabal actrivbity the China may not do well either. Interesting that the FXI hasn't seen much of a boost from oils fall the last few sessions, still time to get in if that is your thesis.
 
Quote from Jayford:

I see the dollar rallying also, but it has been building for awhile. Over sold, and interest rates at super low levels are the main reason it was beaten down in the first place (more so than deficits and trade imbalances).

Also, it is now looking like Europe and Britain are going to have a nastier recession than the US, so its all relative US FX vs everyone else. Even with job losses, the buck is going to rally in the medium term. Its also going to jump around a lot though I bet.
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Recession? Man, that is so last week already! :D
 
Quote from Mvic:

FXI should really benefit if this is the case as China is hit the most by high oil. EWZ will take a hit though as Brazil benefits from high oil. Then again it depenmds on why oil is dropping, if it is due to the speculators/Iranian premium then china should do well, but if oil is falling because of decreased gloabal actrivbity the China may not do well either. Interesting that the FXI hasn't seen much of a boost from oils fall the last few sessions, still time to get in if that is your thesis.
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How did you know that I am heavily investested in FXI @ 128:D
 
Quote from buylo:

Check out oil.
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Yep, as the FXE (Euro) trades down to the 40 day MA.

Continental Airlines (CAL) has been the biggest trading machine today by far!

Unreal.
 
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