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.

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