Bull against bear
Financial markets, macro economics, politics and everything else concerning the global markets. The writer is a long time investment banking operative in the nordic markets. The blog is usually updated once a week with specific trading advice. On a monthly basis, the goal is to provide a strategy update. In addition to that, there will be posts of more general content, housing bubbles, investment strategies and more.
July 10, 2013
Weekly update 7/10
SPX at 1652. A lot of intraday hedging going on for me today since market behaviour favour that the last breath run could continue another week or maximum two as outlined in previous post. I am daytrading in this environment, paying respect to the upward momentum and waiting for that to wane. Probably we will see a one day pullback met by some buying and then a failure with the following movement. Stay patient and know that the next big move is down.
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