“I’m pretty sure it was here a second ago!”
Well, it ain’t here anymore … stock indices & FX almost a graveyard … crude
oil? … don’t even get me started on a market that is truly psychotic … massive
moves in minutes followed by boredom on end, and then retrace and scream
the other direction … and while I want to be long crude, NADEX ain’t making
it easy with idiotic call spreads 10 miles apart, and carrying premiums that
make little sense.
Just when you think FX might be seeing light at the end of the proverbial
tunnel, along comes NADA and you find yourself needing a big rally/break
just to breakeven … no thanks … 20 Day Range MA’s simply have to increase
in value for these markets to be in play, yet all we see week after week is
sliding values … can’t push it, just have to bide time and wait.
I thought maybe gold today would provide a trade via NADEX, but just like
in oil, their call spreads 10 miles apart with a 50 cent bid/offer spread to boot,
and there ain’t no way I’m trading in those kind of conditions … back to oil
for most of the day, and nothing makes sense in this complex for most of the
day … just isn’t any follow through or corrections of any substance to hang
your hat on for a position … and again the very high call spread premiums
as time wittles away and premiums melt … another day significantly below
the 20 Day Range MA [so far], making it very difficult to hang onto anything
even if you’ve got a position. So, nothing here today as well, and it’s very
disappointing trading action.
Onto tomorrow, and we’ll see what happens … Onward & Upward!!
-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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