Got the risk appetite/yields correlation badly wrong recently and it has been costly. Here's what I have left now after stopping out all my Rates positions (which were supposed to reduce my overall market risk exposure - they didn't) last night :=
- long Nikkei - has pulled back somewhat but looks fine
- short USD/CAD - has come back an awful long way from 1.0782 but downtrend looks alive (just about)
- short EUR/GBP - poor entry timing
- long GBP/USD - uptrend intact although might not feel that way if one is too close to the action
- long Soybean - re-entered double bottom neckline (where I am long) but prepared to give this some leeway; has to reclaim 1040 soon to prove itself.
- long Copper - chart as per Cable and Nikkei. Like it.
[RIP Moonwalker]


1 comments:
MJ died ?
Oh wow... the Eighties are officially over. This is big.
[hmmm, to think i pick up this kind of news here...
think i should check the headlines more]
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