As equities march higher again, it seems that any pullback seems to be met by persistent buying, and yet I find it hard to pull the trigger on any other stock positions, as I'm just convinced that there will be better opportunities by waiting a bit. I'm looking at PSUN right now, looks like a lovely reversal pattern, after coming off heavily in the last 2 months. I would have pulled the trigger but the lofty level of the market is holding me back, and I might regret it but have decided against it.
Next week we have big news out of the UK with, inflation readings and the quarterly inflation report. These two will be huge in determining whether we will be raising rates in the UK sooner rather then later. I will be trading short sterling over this week looking to go long spreads if inflation continues to rise. But if the CPI reading falls a bit, I think we will have quite a drop in spread prices.
Have a nice weekend.
Subscribe to:
Post Comments (Atom)
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
In the previous ECB meeting we had a split decision on whether to cut rates further or not but today Mario Draghi said the council decided ...
-
With the raft of poor data out this morning, we got some strong selling pressure in all parts of the curve. The 2s-10s spread hit an all tim...
No comments:
Post a Comment