Just Another Ugly Friday

Posted on Feb 5 2016 - 2:29pm by Sharpe Trade

What a way to close the week.  

We are down 36 points at the time of this writing.  We close below 1860, and I would begin to look for the possibility of another prolonged downturn.

There is literally nothing I find interesting about the markets this afternoon, other than some short term trades.  We’ve booked a few dividends as well as a partial profit on my GBP/JPY short position.  Still short AUD/CAD, and we’re letting that one run lower.  At least for now.  I’m struggling with this NZD/CAD long.  Think about those positions for a minute.  Yes … I really think that Australia is imploding in on itself.

But overall, my thoughts are …. 

This market was not hit by the ugly tree.

This market is the ugly tree.

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