Welcome Back!
Welcome Back!
Welcome back to fun house! I trust you all enjoyed a fabulous time with your friends and families or simply enjoyed kicking back for a few days. Mrs. Evil and I wound up watching two entire seasons of Homeland and now we are hooked! So judging by the comment stream some of you guys were starting to get a bit bored. About time the markets re-opened again before things got out of control 😉
Unfortunately not much is going on just yet. Across equities the holiday snooze has squeezed those hourly Bollingers to the max and I expect a bit of acceleration here today or tomorrow. No great entry opportunities as of right now as we have little context. One could make a case for trading a 100-hr BB breach in either direction but it’s weak. Hopefully today’s session will provide us with something to work with.
GBP/JPY also quite compressed (like many others – it’s not isolated on the forex front) and here I am willing to throw 1/2R into a long with a stop below 187. May take a while before we see some movement though. Slow beginnings indeed…
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That’s all for right now – let’s hope something starts moving after the bell.
Cheers,
