Morning all
A number of emails regarding my last post came through.
Here is the reasons.
As a hedge fund manager if your taking off time during the holiday season you decide what your portfolio is and position is for upside potential.
Under no circumstances a Junior manager has the right to sell stock.
In the event the market trades lower the Junior do have the right to sell either futures or ETF's short on the indexes but not liquidate stock.
This is a common rule to which many retail traders have no idea of.
That's why you see dead volume days and that's the reason why you see market always seems to have an upside move.
In the event that the market trades lower and cash is sitting on the sidelines one phone call and money does get put to work.
Those selling stock during this time of the year do get raped on fills in stocks as stock manipulation is very healthy.
So all professionals know that selling during this time of the year is dangerous.
As orders are pulled and then if your opening naked shorts you do get squeezed.
Hope that's does explain it.
We have come close twice to the 1342 number Friday 1342.25 and today so far 1343.
While technicals are saying lower the astrology does not support this theory.
Gold hasn't fallen away as I anticipated last week but did fall.
Grains are running hot and I think its wise to back away as we saw some of the volatility creep in Friday and grains came off hard only to run up again this morning.
Same with Coffee ran to 185 only to drop off to 175 on Friday.
There is serious moves coming on and one does need to be patient.
For jumping on a bandwagon for the hell of it could cost you your money.
Today I have a sideways to higher market and in fact all week seems to be this way.
Today I went short the bonds at 15010.
I do not see how anyone would park there money at the fed and be charged to do it .
Looking for at least a handle or 2 slide before the week is out .
I continue to have a bias to the upside
Cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
A number of emails regarding my last post came through.
Here is the reasons.
As a hedge fund manager if your taking off time during the holiday season you decide what your portfolio is and position is for upside potential.
Under no circumstances a Junior manager has the right to sell stock.
In the event the market trades lower the Junior do have the right to sell either futures or ETF's short on the indexes but not liquidate stock.
This is a common rule to which many retail traders have no idea of.
That's why you see dead volume days and that's the reason why you see market always seems to have an upside move.
In the event that the market trades lower and cash is sitting on the sidelines one phone call and money does get put to work.
Those selling stock during this time of the year do get raped on fills in stocks as stock manipulation is very healthy.
So all professionals know that selling during this time of the year is dangerous.
As orders are pulled and then if your opening naked shorts you do get squeezed.
Hope that's does explain it.
We have come close twice to the 1342 number Friday 1342.25 and today so far 1343.
While technicals are saying lower the astrology does not support this theory.
Gold hasn't fallen away as I anticipated last week but did fall.
Grains are running hot and I think its wise to back away as we saw some of the volatility creep in Friday and grains came off hard only to run up again this morning.
Same with Coffee ran to 185 only to drop off to 175 on Friday.
There is serious moves coming on and one does need to be patient.
For jumping on a bandwagon for the hell of it could cost you your money.
Today I have a sideways to higher market and in fact all week seems to be this way.
Today I went short the bonds at 15010.
I do not see how anyone would park there money at the fed and be charged to do it .
Looking for at least a handle or 2 slide before the week is out .
I continue to have a bias to the upside
Cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
