Hello all
With just a couple of minutes before the close the question is being asked by the bears..
If you can crack the 2 levels stated then there is no chance of this market going lower.
Its obvious as it get that the commercial shorts and retail shorts are between 1486-1490.
Its why you have a massive defense of that area .
It was good to see gold getting a little fear factor safety buying even tho the dollar was up.
While oil and most other commodities came off.
Coffee got clipped so did cotton.
Bonds this week the fed is buy a bucket load on the short side so might give some support to the long end.
For the astrology students
The Scorpion Moon will start to wane tomorrow after the close, also you will see the Sag moon come through but the negative energy will slowly fade therefore making the Sag feel good moon drag its affect.
What does this all mean?
We most likely will get a delayed affect of the aspect ..
Not on time but the next day..
Technically it will be very interesting to see what plays out in Asia today as an attack to hit the stops just to shake the market out is not out of the question.
To the MA as you can see we are embarking on a .50%-1% daily strategy to recover our draw down of last month.
Once again we hit our target and will continue.
We are continuing to hold both our oil and bond trades.
I just want to make the point that we are holding these trades on pure astrological factors not hope or prays.
Had the astrology not been as powerful for these contracts we would have cut the positions and moved on.
With the bonds now closing above 143 we will continue holding .
Oil I still have down.
To the Australian readers today the Reserve bank meets to decide on rates..
The one thing to note is many fund managers pay attention to what Glen Stevens says, as his the most trusted Central Bank.
Basically he says it the way it is and doesn't sugar coat the facts.
So when he talks about inflation or comments about deflation ears perk up.
The interest rate decision is pointless and as most times is facted in or anticipated but the comments is what many look for.
Sure retail investors jump on it trying to make a trade on the A$ but professionals pay attention to the comments..
With just a couple of minutes before the close the question is being asked by the bears..
If you can crack the 2 levels stated then there is no chance of this market going lower.
Its obvious as it get that the commercial shorts and retail shorts are between 1486-1490.
Its why you have a massive defense of that area .
It was good to see gold getting a little fear factor safety buying even tho the dollar was up.
While oil and most other commodities came off.
Coffee got clipped so did cotton.
Bonds this week the fed is buy a bucket load on the short side so might give some support to the long end.
For the astrology students
The Scorpion Moon will start to wane tomorrow after the close, also you will see the Sag moon come through but the negative energy will slowly fade therefore making the Sag feel good moon drag its affect.
What does this all mean?
We most likely will get a delayed affect of the aspect ..
Not on time but the next day..
Technically it will be very interesting to see what plays out in Asia today as an attack to hit the stops just to shake the market out is not out of the question.
To the MA as you can see we are embarking on a .50%-1% daily strategy to recover our draw down of last month.
Once again we hit our target and will continue.
We are continuing to hold both our oil and bond trades.
I just want to make the point that we are holding these trades on pure astrological factors not hope or prays.
Had the astrology not been as powerful for these contracts we would have cut the positions and moved on.
With the bonds now closing above 143 we will continue holding .
Oil I still have down.
To the Australian readers today the Reserve bank meets to decide on rates..
The one thing to note is many fund managers pay attention to what Glen Stevens says, as his the most trusted Central Bank.
Basically he says it the way it is and doesn't sugar coat the facts.
So when he talks about inflation or comments about deflation ears perk up.
The interest rate decision is pointless and as most times is facted in or anticipated but the comments is what many look for.
Sure retail investors jump on it trying to make a trade on the A$ but professionals pay attention to the comments..
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