Saturday, May 11, 2013
Finally! I hope.
The market is acting kind of toppy. I kind of like the ES moving nowhere after this large upside movement in the last week or two. I find the movement in bonds to the downside very interesting, along with gold, silver, oil, yen, and natural gas. I really do think somethings got to give. I do have some short puts in SLV, and I need to do something in the yen. I would keep in mind that the NQ has finally caught up with the ES, YM, and TF. So, NQ and TF are my two favorite shorts. However, please stay short don't ever get long traders, at least not in these market conditions. My main short as of date is my short puts in VXX, which are still appealing.
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