Starting from today, you will see traders setting up their positions for nonfarm payrolls and the FOMC meeting in 2 weeks. You have to think ahead of what the Street will do ahead of those events. A risk off sentiment should persist for the next week or two, as the market prepares for a Fed rate hike. The best set up seems to be to short crude oil and bonds. I don't have as much interest in shorting equities due to the beginning of the month tailwind that equities usually experience.
There is a lot of speculation in small caps going on lately and it has kept me busy with some intraday trading in that space. Nothing exciting today however.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
What's your thought on WTW Weigh Watchers.
WTW is a great short long term, but so many funds are short the stock, they probably take their tax loss by covering before year end. So I don't see much downside till next year
Post a Comment