So there were no problems and everything went fine with the Spain bond auction. And the rookie traders who sold stocks ahead of the auction have the luxury to buy back higher after. The euro is making some dizzying moves here, up 1.8% after being up huge yesterday. There are still a lot of dollar believers out there, despite the Fed's endless QE.
Everyday we have the same low vol creep higher with the occasional 4 point dips which are buying opportunies. I bet the dip buyers are lined up right now just waiting to snap up ES on sale at a dip to 1279! What a market!
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6 comments:
your boy at xTrends is short.
He's too early. We are still in the meat of the rally.
I had planned to buy at 1276. Stupid me that is too big of a dip. :-) Did you buy the dip?
Hmmm China, Hu Jintao state visit to US on 16th, RMB appreciating at a pace (for it) since Christmas, China has been smashing in reserves into non $ fx, but post the meeting suspect $ will rally as China's buying of non $ fx will ease
Yes, you are getting too greedy trying to buy at more than a 4 point dip. You have to pick a small dip, and average down. It goes back up anyway, so you can't lose!
Nailed the low, but I was not watching at the time to trade it. Oh well, next time.
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