Monday, May 11, 2009

This could get healthier and healthier for equities

Just shorted a small US/Yen position. Nikkei is down, and this pair is just plain showing weakness...(clicking on the chart gives you a clearer view):

This is a trade I made because I think we will correct a little more in equities. I also shorted the EUR/YEN because of the equity weakness that I see. Remember, all Yen crosses do bad in down markets...especially the US/Yen.

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