Forex Markets Gone Wild!
All I can say, is glad to see you back VIX! You shouldn't stay away for so long! With the VIX in the 30's to 40's, option premiums are back (great for sellers), markets are giving multiple opportunities per day and guess what, it should be around for awhile.
I am hoping that Uncle Ben Bernanke doesn't ruin it with QE 3 through 10, but even so, I have a feeling that QE measures will not have the same bullish effect on the stock market that it has had in the past. Which means: VIX is hanging around!
It was a busy day yesterday and between trading and speaking to clients and teaching at the U of U, I didn't get a chance to post a commentary. Here it is, heavy in forex opportunities with descriptions below the charts:
Past performance is not indicative of future results
Classic DOUBLE FALL LINE TRADE as equities swoon then find fair value.
Past performance is not indicative of future results
DOUBLE FALL LINE TRADE with same entry reasons as the first chart.
Past performance is not indicative of future results
BUFFALO BOUNCE
Past performance is not indicative of future results
DOUBLE FALL LINE TRADE as equities rallied and then paused.
Moving into equities, the bottoms held (for now) and we are well off those lows. With data starting in earnest tomorrow, we could be back there quickly if economic data dissapoints.
For the most part, stocks are tightening up a bit and I am waiting for them to get stretched one way or the other before committing.
Happy Tradng!
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.
