Wednesday was a “woulda, coulda, shoulda” type of day, where trading resembled a container ship getting battered around while crossing the Pacific Ocean in a typhoon. Where traders quipped, I would have done that trade if .. I should have done that trade because my target was .. And I could have done that trade but .. As is so often the answer There s no such thing as coulda, shoulda, or woulda. If you shoulda and coulda, you woulda done it. Ha! So, what was going on and why? To sum it up in a single sentence: End of quarter position adjusting. It is common for the last week of a quarter to be more reflective of what is being adjusted – the long side or the short side? Just follow the choppy sequence – Treasuries up, U.S. Dollar down, Gold up, equities down. There is a connectedness to it all as well – When treasury prices move higher, yields go lower, when yields move lower it will take the U.S. Dollar with it – why; because the yield on the dollar is si
http://www.indicatorwarehouse.com/96712/feeling-seasick-yet-choppy-wednesday-trade/
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