Tuesday, February 26, 2013

Market Update

I just wanted to show you what I said earlier, I believe is pure market manipulation.

 Most risk assets are not participating, institutional size positions can't be flipped like we can so CONTEXT is well below ES, making ES rich and not well supported by Risk Assets broadly.

 HYG/High Yield Credit is so liquid that it can be used, this was one of the first hints we had today.

The Euro is of no use at all as far as supporting the market, at best it's just not falling.

This is the kind of move we want to see to sell in to and sell short in to price strength, but underlying market weakness.

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