Weak dollar props financial markets

Surprising gold was also weak. Felt like a short term reallocation of money from a long time winner, gold, to long time suffering stocks. Tape on BAC, GS, MS in the financials remained pathetic all day. Bear market rallies are strong. Looking to re-short QQQ @ 20 EMA and to reload on GLD around 173, if it reaches there.

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s