Next week is when Europe solves all its problems - at least that is what the market is expecting. I am still short the Yen and long silver but I am looking to go short stocks around these levels. I may put some shorts on later today but we have to anticipate a euphoric rally when all "Europes problems are solved" - which they won't be until all the PIIGS get to renegotiate their debt. I covered shorts in the Euro last week ( by selling out my EUO position ) because as I said "it has become a crowded trade" - too many speculators were short. Since then we have seen a good rally in the Euro. The best trading you can do is to find crowded trades and fade them.
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesJune 2012 Categories |
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