tag:blogger.com,1999:blog-18183714.post7743440245085700232..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: The Fun Rides Are Getting Ridiculously CrazySalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18183714.post-32481154862703921302014-10-07T04:18:46.383+08:002014-10-07T04:18:46.383+08:00Just went flat short Usd/Yen for 100 pips profit a...Just went flat short Usd/Yen for 100 pips profit and short S&P for 3 pts profit.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-90793627542191077202014-10-04T07:08:29.014+08:002014-10-04T07:08:29.014+08:00A bulltrap or market top?
On Thursday morning,the...A bulltrap or market top?<br /><br />On Thursday morning,the markets started on a sour note and at one point the Dow was down about 10 dozen pts.Only to rally to breakeven at close.<br /><br />Today's NFP at 248k was way above market expectations.And the greenback went through the roof.The Dow gained over 200 pts and closed at 17010,80 pts above fib 38.2(16,930).<br /><br />I think that today's rally in stocks and Usd is way overdone.<br /><br />For stocks it could be a bulltrap,as euphoria and complacency is high.<br /><br />The Usd has had a good dozen weeks of continuous gains and is way overdue for a correction.<br /><br />I have gone short the S&P at 1968 and short Usd/Yen at 109.72 at close.<br /><br />Have a nice weekend guys and gals.brunohttps://www.blogger.com/profile/18125168104617279859noreply@blogger.com