Whip-dee-doo
Whip-dee-doo
UPDATE 3:13pm EST: We have not gone anywhere since the early morning open gap – I could have just run some errands.
The Yen has been pushed down every time it attempted to breach the 50 yard line – we got some skilled linebackers here. However, despite seeing some very violent candles in my index futures charts they are not making much progress either. There is a big battle being fought right now and I’m not sure yet which side will get the pop by the close. I was hoping for a nice reload-rally but the way we’re going I can kiss that one good-bye. Maybe some of our intrepid mouth breathing friends will step in at the close to load up on ‘deals’ but I wouldn’t bet an money on that right now. Need to stay patient and wait for the right moment.
UPDATE 3:27pm EST: XLF just painted new lows – not looking good for the bulls…
UPDATE 3:31pm EST: PPT just stepped in. Those are some nasty candles!
UPDATE Closing Bell: XLF closed at 7.97 – bulls lost this one. I actually grabbed some puts a minute before the close.