One hour is all it takes…

Euphoria. Short squeeze. Whatever. Euro-Tarp rules for today. Time to start looking on the short side now but not to do anything until (if) there is a turn. ADDENDUM. Everything positive but NFLX.  Shorts appear to control it, the news about no separate subscription was sold just like the news about separate subscriptions was, and on high volume too.  That is the last thing I would have shorted, but the only short that appears to have worked today. The Euro went up, the dollar down and commodity stocks took off again.  Today will be cheered as all sectors participated and people were done with selling (at least temporarily) and the buy programs ruled. This is getting predictable now, indexes telegraph their move in the futures before the open, continue for an hour or so and then flatline. Sometimes the bias is positive, at other times negative, but the tone gets set in the morning. No edge here. Lets see what earnings bring over the next couple of weeks.

Advertisements