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  1. phil
    August 10th, 2018 at 4:27 am

    Good morning!

    Dollar/Grass – Before Europe opens, the Dollar is thinly traded and something like Turkey news can cause a major player to move to Dollars and that drastically distorts the market.  It's actually fun to play against and I'm jumping back in /SI at $15.33 – $15.30 with a stop below that but 96 on /DX is likely to be rejected (and out if it's not, of course).  

    /RB is back to $2, I like that as well and /NQ exactly hit my 7,440 target so out of those shorts and taking a poke on the long side now. as  well as good old 2,840 on /ES (our old shorting line) and this time it's a long with VERY tight stops below. 

    25,400 is a good line to play long on /YM and /RTY 1,680 is our 4th line to watch.

    The absence of news is a clue as well!  

    Of course Europe is down 1.2% and our indexes are only down 0.4% with the Dollar up 0.6% at the 96 line so watch for Europe failing 1.25% as a sign to bail or the Dollar over 96 as a sign to bail and, of course, keep reading the news.

    And what Fel said! 



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