USD/YEN movement | IPC | Key Reversals

USD/YEN movement forced me to sell out large long position on Nikkei. I had accumulated long Nikkei with average fills of 9200 and stops at 9150. Sold out Nikkei at average fill of 9700. Movement was conforming to projected rally, however USD/YEN meta indicator breaking back below the 86.90 forced provided negative indicator forcing me to sell out longs and go back neutral.

IPC Mexico

Took on a small short position on IPC Mexico

Warning Indicators:

A number of Global Markets have sent warning indicators.  The French Cac40 futures exhibited a key reversal day, (3715 – 3620.50), likewise DJ Euro Stoxx 50 (2801 – 2719), Dow Futures too (10538 – 10336).

By Andrew Shawn – Recursive Investments in Global Financial Markets

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

You must be logged in to post a comment.