“Mother market says, the volatility kid gets hung out to dry for a while!”
“Oy is an element best avoided” … and so are markets that are seeing volatility
being wrung out of ‘em at a lightning pace … and that means about every
market right now, including oil, the stock indices, and GBPJPY. I warned in
the Sunday blog post update, that the weekly GBPJPY 5 Week Range MA, was
way too high and has to come down some … and I think we’re starting to see
that now come to fruition.
Today’s GBPJPY sees the worst case scenario of a light drop early, then a
reversal, but not enough of a new high to really make any money … EURJPY
is even worse, and the premiums being asked for stock indices a complete joke
… sooner or later, they all succumb and get wrung out.
Quite frankly, there isn’t anything here to trade today … Noon in New York,
and I can’t take the torture anymore … simple as that. Onto tonight, where
hopefully we’ll see lower volatility premiums we can capitalize on and profit.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
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