26 June 2009

Position Review : Mixed bag

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.
Most in danger of going wrong now = CAD + Soybean.

[RIP Moonwalker]

1 comments:

Don C said...

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]