To quote this morning's post:
"At 8:46 I went short EuroStoxx (rallyed stupidly early morning) and am sitting on another cash-cow-hedge. Will look to exit later today, maybe trimming Gold once more."
... This light volume rally was indeed very thin and the market nicely sold off into lunch time, with JF picking both the top and the bottom (a little smugness is to be expected) sublimely.
As per the chart below (short pos. opened on red line, closed on green) US open saw bulls return as the SNB (Swiss National Bank) was rumoured to have sold CHF in a devaluation bid. We are always happy to re-enter the markets twice in one day if the opportunity presents, and it did. We sold into the highs as buyers struggled to prop up the price.
As per the chart below (short pos. opened on red line, closed on green) US open saw bulls return as the SNB (Swiss National Bank) was rumoured to have sold CHF in a devaluation bid. We are always happy to re-enter the markets twice in one day if the opportunity presents, and it did. We sold into the highs as buyers struggled to prop up the price.
JF is short at 2117 on EUStoxx and continues to be long Gold - I decided not to strip our position back further as rumours of QE remained alive.
***EDIT*** Closed the 2117 short at 2095 for +23pts @ 16:42
***EDIT*** Closed the 2117 short at 2095 for +23pts @ 16:42
No comments:
Post a Comment