Monday, December 21, 2009
Odd Crosscurrents
It is not common to see bonds selloff, stocks rally, and then see commodities selloff with a stronger dollar. These are not natural movements, and seems like forced selling in gold and forced buying/closing shorts in the dollar. These traders are closing out of their positions before the volume dies down over the next 2 weeks. The stock rally appears to be seasonality players buying ahead of the Santa Rally. I have a feeling today's move is stealing from that rally. I will look to short tomorrow for Turnaround Tuesday.
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