Wednesday, October 30, 2013

All of Our Positions Are Moving the Right Way

This is a bit strange, sometimes it takes a goof 30-60 mins. for a knee jerk trend to get together, sometimes it's over by then. The initial move on the F_E_D release was right to VWAP...
ES 1 min chart moving to VWAP right after the F_O_M_C and then down.

We expected the $USD to bounce, it is up, we expected Gold and gold miners to see a pretty significant pullback and they are both down. As you know I've been looking forward to buying TLT at $100-$102 and even opened a TBT (2x short TLT) expecting the pullback, TLT is down, the TBT position is up, as far as the broader market, down as the signals have been showing.

It's way too early to make any kind of assumptions, but I am kind of breathless that every asset we thought would move in a particular direction based on 3C charts is now moving in that direction.

I'm going to try to check breadth and see if there's anything to this short term

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