Follow up today
In a previous post on 7/03
http://www.safetradingblog.com/stock-code-trading/201.html
we were writing:
“Indeed, a bounce on the XLF would directly impact the market on a short term basis (at least): XLF above 25 would be a good trigger (but not today)!”
Check the XLF graph today: that’s not so bad… (from the bull point). Be careful, the trend is still down and we have to keep the bear thinking, till proven otherwise… Which means sell the few days rallies. In practice, we are doing a bit differently with a long/short porfolio, see http://www.safetradingblog.com/stock-code-trading/todays-action.html
More later… Note also a key element today, usd rallied against the yen! We had almost forgotten that it was a possible move :))
but commodity markets has kept his road on the upside…
