Take Profits
Take Profits
Remember what I told you about the Dollar before the holiday season? My prediction was that it would remain range bound and that there would be no resolution one way or the other. In other words, the FX sharks would tease this thing out all the way into the new year.
Well, there you have it – what’s even worse is that it dropped through the prior low. This could mean more nastiness ahead.
Equities: If you were long since the before the holidays – good for you! But it’s probably time to take profits now.
Things are pretty crazy today as funds are plowing into equities – busiest trading day of the year – everyone is on the job. But this thing is getting very one sided, which usually means a shake out is around the corner.
