I closed the equity long in MCP for a 1 day 7% gain, if I had a larger position I probably would have phased out of the position, but it was on a spec basis.
I still think MCP looks pretty amazing, it just doesn't look "yesterday" amazing.
MCP 2 min looks great yesterday, it's getting sloppier today
Intraday it's even put in a negative divergence. I'd rather look at MCP at lower prices to start a new position than sit through a pullback.
The 5 min is close to a negative divergence.
5 min trend yesterday was very clean, today it's getting a bit sloppy.
Still, a 7% gain for 1 day with no leverage isn't bad.
Is interest rates about to start going up?
-
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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