I'll keep the XLF calls in place, but as far as adding to anything, it's a tough call, this market is ready to bounce, but there are quite a few intraday negative divergences that should pick up where they left off and give us a small pullback, otherwise, it's not a big deal as I'm not taking the risk of chasing.
I do definitely think we do get that bounce early next week which opens up a lot of short opportunities toward the middle/end of the week.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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