“This is NOT what a trading strategy looks like!”
“Well, that escalated quickly, didn’t it”? … yesterday all things Cable blew up,
and today sees EURJPY finally go psycho along with crude oil, and in the
universe of investment ideas it’s why I’m almost NEVER short gamma as a
trading strategy … cuz when it blows up from dead, you got no chance to
recover and liquidate, things are moving so “Hoover Dam” fast … a shot to
the head is tough to recover from isn’t it?
European PMI’s were all lower, and FX sold off, but not enough to make up
for the premiums demanded on volatility trades at the open last night … it
wasn’t until the U.S. PMI came in a tad weak, that SHTF … and away we go
to the downside in practically everything, most notable the stock indices, oil,
and EURJPY.
“Well, about frickin’ time in EURJPY & oil, which have been starving of late in
terms of VIX … not sure if today is enough to change the 20 Day Range MA’s,
but we’ll see come Sunday”. Gold, for its part, playing dead today, and while I
was hoping for a trade, it hasn’t materialized cuz VIX is so low … “meh”!
Next week is gonna be interesting, with a lot happening via “Brexit” … we’ll
also see if oil can pick up from the doldrums and start trading again instead of
drifting like deadwood in a river … blog update Sunday night … until then mi
amigos … Onward & Upward!!
Have a great weekend everybody!
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY
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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