Keep an eye on JEF's parabolic move today, you may be interested in taking a position or adding.
JEF making a parabolic move today, which I view as emotional outbursts and often can be taken advantage of as they tend to reverse in the same parabolic fashion.
The 1 min chart could easily confirm, but it has not and remains negative.
The 5 min chart remains negative
As does the 15 min
As well as the 40 min above and 60 min below.
You may want to watch price for a reversal if you are interested in JEF on the short side, which obviously I am as it is in the Model Portfolio.
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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