Dollar is the story
Dollar is the story
Anna here gang, I am going into today ultra short, and expect our day may be here for the next few anyway, watch the Dollar as right now that is what’s leading us up (when it’s down) or down (when it’s up) Well I feel we have bottomed or nearly bottomed in the old greenback and Wave 5 has completed.
Update since opening bell, seems that the $DXY is cooperating, but the darn bulltards just won’t let go! We may retest the highs of 1063 area and either we fail there or burst higher OMG ….
Now on the EUR, we gapped down Sunday night from 1.4573 The Gap is still open, the EUR should have broken 1.4775 yesterday and couldn’t make the grade. (thank god) downside target is 1.4631 Upside target is 1.4826
Now on to one of my favorite stocks to trade BIDU, the price action suggests to me that it has allot of room to go on the upside. The bearess girl in me of course wants to short it, but that usually means I shouldn’t. So I put on a November 440/450 Bull call spread for earnings. I see it easily hitting 440 for earnings. (or maybe before) Here is a risk graph, I paid 2.90 and could make up to 7.10.
Here is the gang at Goldman Sachs LOL 😀
Good day to all! 🙂
