(4 votes, average: 4.75 out of 5)
Loading ...1. $3b offering for fred die from 8-945am.
2. Currency and futures up up up. (Using the USD/JPY for currency, since all the invisible hand has to do is borrow cheap yen and flood the forex market with them for some uplift.) My take on this is simple, the huge prop from morning futures does not sit well in my stomach.
“Only with news that increases market confidence” such as $3b offering is completed with zero interest (yeah ok) =maintaining +side in the morning and maybe some squeezes later.
Already seeing signs of deteriorating dollar (106.3 to 106.8 overnight, currently 106.6). I will keep an eye on how this changes, because fast moves in forex gives hints on market moves. (should know why this is important, connection of oil and financials from my last post.)
Top pick: short R / or buy 55aug puts.
also, anyone who interested in forex trade: short NZD/CHF is a long term trade.
106.42
Great idea – R … I’m in on this pop.
RIG has so much steam in its move, wow. Maybe its because of Bush’s EXECUTIVE order.
IG — I doubt it, but I’d watch my tone.
He can nationalize all the Seven-Elevens in the country via EXECUTIVE order, too.
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slurpy machines dont run on oil, unlike planes, so i doubt they’ll need to be nationalized.
If you own SKF, now would be a good time to take some profit off the table. Im not saying that things are better. But for today financial are -2.3% already, even larger intraday move due to a higher start, and some slowdown in volatility.
Of course you can reshort it soon, but i think thats something in the works.
I expect Energy stocks to rally later in the day and financial to stabilize to live another day.
IG –
Touche! Glad to see you have a sense of humor.
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Agree on Skiffles, but since I’m already short the calls I’m going to hold tight. I find that’s a better way to harvest these mini-explosions.
The stock is too volatile to trade in and out of….
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Aside: The Kawfi Anon (sic) avatar is genius.
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