Afternoon all.
Well today is basically a continuation of yesterday really all hype that a deal will be done.
Yesterday we had the "I said" which ran the market up.
Over the weekend we will have the "you said" scenario so could get a quick shake out.
Also something to look at!
Market at one stage was down almost 4% for the month and now looks like closing positive not bad if you ask me.
For those who want to short the market you will have some protection over the next couple of days with the end of the month squaring/booking profits tomorrow.
Its important to understand fund managers get paid on performance, and no one like to work a hole month for nothing.
Any move down will be quick and direct followed by another rally so don't fall in love with the trade.
I don't see 1383 breaking.
Today all I have done is short copper at 3.5880 looking for at least 35400 or lower by tomorrow.
To the Financial astrology students.
Sunday we have the Sun Jupiter Opp.
This is important as restraint and limitations on ideas could hold back progress.
I think this could have some political posturing happening.
As I said yesterday everyone wants there 5 minutes of fame.
If the Republican where smart they would allow what is needed quickly and gain big time on the back end.( next vote)
By the way metal traders I still am waiting on a 1700 shake before being a buyer in gold.
As always use the above as an indicator to your own work.
Futures trading can produce huge profits and losses.
Past performance is no guarantee or future performances.
Ask your financial advisor on more on the above
Well today is basically a continuation of yesterday really all hype that a deal will be done.
Yesterday we had the "I said" which ran the market up.
Over the weekend we will have the "you said" scenario so could get a quick shake out.
Also something to look at!
Market at one stage was down almost 4% for the month and now looks like closing positive not bad if you ask me.
For those who want to short the market you will have some protection over the next couple of days with the end of the month squaring/booking profits tomorrow.
Its important to understand fund managers get paid on performance, and no one like to work a hole month for nothing.
Any move down will be quick and direct followed by another rally so don't fall in love with the trade.
I don't see 1383 breaking.
Today all I have done is short copper at 3.5880 looking for at least 35400 or lower by tomorrow.
To the Financial astrology students.
Sunday we have the Sun Jupiter Opp.
This is important as restraint and limitations on ideas could hold back progress.
I think this could have some political posturing happening.
As I said yesterday everyone wants there 5 minutes of fame.
If the Republican where smart they would allow what is needed quickly and gain big time on the back end.( next vote)
By the way metal traders I still am waiting on a 1700 shake before being a buyer in gold.
As always use the above as an indicator to your own work.
Futures trading can produce huge profits and losses.
Past performance is no guarantee or future performances.
Ask your financial advisor on more on the above
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