Something’s cooking and although I’m not sure what exactly is going on, my Spidey senses are tingling and that usually means that it’s best to tread cautiously and assume a wait and see position. It’s either that or someone spiked that mushroom soup I had last night, in which case I hope you’ll enjoy my very last post ever. Now all joking aside, my suspicion is that we may be approaching at a temporary bounce in the USD, which may just be the reason why several of my open campaigns are currently in the process of reversing. Let’s take a look:
Apologies for the somewhat belated post this morning. I usually try to get it out near the opening bell, but needed to deal with a Zero auto-reload problem which seems to be caused by newer versions of Google Chrome. It seems to be fixed now, so if you are a Zero sub then please point your browser here and wait for the page to auto-load every 20 seconds. If the embedded Zero snapshot does not update (i.e. is being cached locally) then please send me an email to admin@.
A lot of people are on vacation and traders are of course no exception, evidenced by a general lack of participation across equities over the past few weeks. Here in Spain the month of August is pretty much synonymous with going on holidays. Almost everyone closes up shop (doctors included!) and takes off to spend the next few weeks with their family in some mysterious ‘pueblo’. It doesn’t matter if you’re from Madrid or Barcelona, the part of the city you grew up in is your ‘pueblo’ and that’s where you’ll pass your vacation. Unless you’re married of course, in that case you are condemned to spend the entire month with your [...]
Alright, let’s talk about what exactly happened yesterday when equities effectively fell off the plate mid session after which the plunge protection quickly stepped to push the tape back into politically correct levels. Of course I’m kidding: If you’re looking for conspiracy theories, innuendo, or rumors then please move along. We only concern ourselves with technical evidence and bad humor here at Evil Speculator.