If you were paying attention earlier in the StockTwits stream, earlier in the day I completely abandoned the idea that I was ever associating with those silly bears, and their dire stock prognostications.
Who would ever be bearish on the stock market? Certainly not I.
I’ve played this bottoming process like a Maestro at the Philadelphia Philharmonic. We will be rallying. Yesterday, I mentioned a long position in AUD/JPY. Well since that time, I added to the long position. Then, that sucker rallied so long, and so hard, I took 25% of the position off profitably, and then pulled my stop up to lock in 3 pips of profit. What happens now with AUD/JPY?
I don’t know, and I don’t care.
Also short NZD/CAD. I’ve already shred out of 25% of that position profitably, and moved my stop to lock in profits. What happens now with NZD/CAD?
I don’t know, and I don’t care. A maestro conducting 3. Adagio – Allegro of Trio Sonata in D minor, RV 63 of Antonio Vivaldi does not sit back to think how he conducted the first Adagio. He continues his work.
As stated in the stocktwits stream, I mentioned in the podcast last week that I was bullish on bond prices.
No longer. I have no position there.
Oh, did I mention that I have a tiny short on with EUR/GBP? Yeah, for those who are aware, that’s a bit of a risk play as well.
Profits are good.
I’ll hedge off at the drop of a hat … but I think we rally …