Wednesday, August 19, 2009
Sunday, August 16, 2009
to unload or to scale out
Seeing the price action of crude oil on Friday, I am on the fence now. I am not as convinced that the upswing on SPX weekly is still intact.
USD strengthened since Friday, and so did JPY for a week now. Those don't usually goes with the equity, but correlations are always lagging pathetically. I just want to focus on the price action alone.
I am not sure what to do on Monday, let me make up my mind tonight and work out the plan.
USD strengthened since Friday, and so did JPY for a week now. Those don't usually goes with the equity, but correlations are always lagging pathetically. I just want to focus on the price action alone.
I am not sure what to do on Monday, let me make up my mind tonight and work out the plan.
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