After checking out the charts of the averages one more time and seeing them move positive as I had suspected something was fishy earlier today, I'm going to increase the size of yesterday's Entering VERY Speculative IWM July 17, $125 Call position and bring it up to about 2/3ds the size of a normal position, still reflecting the speculative nature of the position, but feeling better about it.
All core short positions remain intact and I'll be looking for an area (higher) to open new Put positions/shorts and some longs like VXX calls or UVXY long, but for now, I believe we'll see higher prices likely tomorrow.
Charts are coming...
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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