Tuesday, May 7, 2013

Quick Update

After a quick look, TLT and VXX are both heading up (market negative), there's a reach for safety in this semi-parabolic move (depending on the average), I'm keeping my finger on the trigger to add to yesterday's Puts.

Also the AUD has taken a bit hit from the overnight rate cut, (market negative). The $USD looks like it's about to start it's move higher which cuts the support from under the market's feet in the form of EUR/USD, that's a pair you might want to keep an eye on, any downdraft there, especially faster than the SPX is a potential trigger pulling event.

Yields, as earlier as this is, are starting to go negative on the market as well which makes sense considering TLT.

Commodities have done a 180 degree reversal from the SPX, today's the day, it's just whether you want to add and where, I have a feeling it's sooner than later.

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