Thursday, September 3, 2009

if you read the email

We sold at 69.25 in anticipation that the weekly jobs number would not be received well
just say any phrase with the word job in it and watch the futures lose 10 handles
This worry is irrational-the ecb comments is a little unsettling regarding the euro-dollar relationship
The dollar should be your on top of all your other indicators and it make sense to actually dedicate a scrren to currencies as many subtleties can be missed simply by gauging the index
AUD NZD and other high yielders can "buck" the trend
Even with all this negativity this is the first palce I sold and have gone short I think it makes sense to buy some protection on a run up today
I have moved stop to 68.85 i will take short off 68 if it not stopped out and look to go long again
we are not going far i will say it again buy the dips sell the blips
If you get a run up maybe some BGZ again and dump them after the dip tomorrow