The Brexit Trade...
- Thread starter lindq
- Start date
OK, they close the polling stations at 22:00 BST, so after the US markets close. Thus the full effect will take place tomorrow....
http://www.bbc.com/news/uk-politics-eu-referendum-36602702
http://www.bbc.com/news/uk-politics-eu-referendum-36602702
So received an interesting chart expecting topside limited to 1.52/1.53 GBPUSD. There is information that hedge funds have bought in to exit polls at £½mil each, therefore some time in the next few hours if the price pops upwards from current 1.48/1.49 then there is a high possiblity of an exit scenario overnight. If you sell the news it's too late, the funds will have already positioned the market for the outcome, whatever that may be.
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This doesn't make a lot of sense...
I firmly agree. Classic case of sell the news is forthcoming. However, I do think there will be a momentary pop at the open that may take the S&P to the 2120 resistance level, at which point I will buy the Ultrashort S&P ETF.
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The crazy weather that decided to come down over there today could spook the market/news...
I got out of my long position just minutes ago and going to wait for the opening reaction tomorrow - I would hate a gap down.
The rally to 2113 at the close made me get started right away. Bought the unleveraged short S&P 500 at the close. I'll enter the triple leveraged position if we pop to 2120 at Friday's open. No way a Bremain will push the S&P to an all-time high, which is a mere 20 points away. Market is headed down near-term. The only question is the magnitude.
Seriously ? Jeez... have you ever been to the UK, or indeed anywhere in Northern Europe ?
More likely the response was :
"It rained harder than average today. So what, we're British who cares."
or in more refined British terminology :
"Oh, its raining today. Coat and brolly time, don't want to get soaked"
Any negative sentiment would be in the form of people cursing the train operators for not being able to run services in a country where rain is not unknown (a bit like the Swiss would curse if their trains were disrupted because of snow).
Sure it rained a bit heavier than normal, sure there was a bit of "thunder, lightning, very very frightening" (to quote Queen, the British musical export sharing the same name as the real one ! ) ... but sheesh its not exactly the storms of 1987 is it !!!
For heavens sake !
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To be fair, they are getting a month's worth of rain in 3 hours.Seriously ? Jeez... have you ever been to the UK, or indeed anywhere in Northern Europe ?
More likely the response was :
"It rained harder than average today. So what, we're British who cares."
or in more refined British terminology :
"Oh, its raining today. Coat and brolly time, don't want to get soaked"
Any negative sentiment would be in the form of people cursing the train operators for not being able to run services in a country where rain is not unknown (a bit like the Swiss would curse if their trains were disrupted because of snow).
Sure it rained a bit heavier than normal, sure there was a bit of "thunder, lightning, very very frightening" (to quote Queen, the British musical export sharing the same name as the real one ! ) ... but sheesh its not exactly the storms of 1987 is it !!!
For heavens sake !
Also, ironically, the storms are coming from Europe rather than the Atlantic.
Anyway, the polls are now closed, and the preliminary tally is 52% Bremain. The S&P 500 is right around the 2121 level after-hours, which is the June 8th high. No need to wait for morning. I'm buying the triple-leveraged short S&P 500 in extended hours trading.