I chose the Jan 19 SPY 140 Calls, it just makes me feel better to have a hedge there with that gap above, wit the Euro showing better relative strength, the $USD down a bit, Yields are up as well.
The bigger picture leading indicator and my favorite of the currency indicators, the $AUD is down so as I mentioned Friday, with any bounce in the market it makes that negative leading divergence with the $AUD worse, so I still view this as a short term opportunity to make a little upside on the gap and have a little hedge in place as well.
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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