Agree with that assessment.
1 Like
with an hour to go before stock market closes we are seeing a huge reversal from this morning, on the Currency side USD is leading, War is good for business, that is why the US is almost always in a war of some kind
1 Like
last time GBPAUD was a top trade it did not work out so well, will this time be different, While you are at it EURAUD, EURUSD and GBPUSD are all worth a look
2 Likes
Stocks completed a full reversal by days end but will it last
Looking at the DOW, it was exactly 1 month ago we had a similar reversal, let’s hope this one ends better
Mostly green day, as I have said before, the US economy loves war
1 Like
It is crazy the way this market just keeps going up, The DOW is now up over 700 points or 2.1% and the rest of the market is following close behind
All I can say about today’s price action is WOW! Prices held into the close, no profit taking so that tells me the smart money expects this to hold through the weekend
Risk-on is back, but for how long
6 Likes
The final tally for the week, which is a lot of green, will it continue on Monday?
1 Like
Bitcoin has been correlated to the stock market for the last month, could this weekend’s crypto selloff carry over to stocks on Monday?
2 Likes
Currencies start the week in risk-off mode, seeing how badly Bitcoin did over the weekend one would expect Stocks to get off to a rough start, but this market tends to do the unexpected
2 Likes
As always…swimming in SW profits… Thanks again @Dennis
1 Like
Rollercoaster day, Stocks mixed, Euro takes a plunge and EURAUD short is our new top trade, If you believe stocks have overcorrected that Risk-On is the play then EURAUD could be a good one
1 Like
That is a lot of red
Top Trade EURAUD* up 100 pips today
3 Likes
All Red yesterday, All Green today
Look how the DOW and NASDAQ all up with in a dollar of yesterday’s losses
