Well the consumer confidence numbers were enough to get the markets rally back on track. Did not add to shorts and stopped Tuesday morning. Did not get long.
OIL on the other hand I could not ignore. This has been my favourite trade this year and I jumped back in again this week. We do try to initiate a lot of positions from a counter trend trade perspective. When they initially do not work out you definately want a re- entry strategy so as not to miss the continuation move.
OIL on the other hand I could not ignore. This has been my favourite trade this year and I jumped back in again this week. We do try to initiate a lot of positions from a counter trend trade perspective. When they initially do not work out you definately want a re- entry strategy so as not to miss the continuation move.The gold trade continues to perform for us with a gap up Friday to end the week nicley. With the US$ tanking commodities in general is the place to be.
Our WFMI short did follow through. I took profits Friday with the market strength and will watch to get short again at the low.
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