I have half size trading positions in FAZ and SPXU long, I've been patient in adding the other half, but have spent a good portion of the last hour trying to look at everything and decide whether to go forward, it didn't take much for the IWM to turn from leader to laggard as it only had a 1 min positive to lift it.
I decided, "today is the last day of window dressing, what can it hurt to wait to see what the tone of trade looks like tomorrow as a large dynamic in end of year trade goes from on to off."
I decided to wait, they are equity positions any way so the timing or if I lose a little of the move is not as important as it would be with options.
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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