Trade recap: YM: +66.
Interesting day. Oil could have derailed the markets further but it was not the case. Maybe some see the rise as over. We hit a high of exactly 55.40, my target (see 1:15 am post) and I almost entered a short there, but there's more upside, I think. Yields are still dropping and basicall money is going to stocks, where else is there for it to go? But I'm trying to find equity short entries because I think we are due for a very strong pullback any day now, target YM 10375. After that, I will think long again. Maybe.
Interesting day. Oil could have derailed the markets further but it was not the case. Maybe some see the rise as over. We hit a high of exactly 55.40, my target (see 1:15 am post) and I almost entered a short there, but there's more upside, I think. Yields are still dropping and basicall money is going to stocks, where else is there for it to go? But I'm trying to find equity short entries because I think we are due for a very strong pullback any day now, target YM 10375. After that, I will think long again. Maybe.
This entry was posted
on Thursday, June 02, 2005 at 2:57 PM.
