Note: this post is 7 months old. . I publish on a regular basis. Please use the search system (or browse the archives) to see if I wrote something else about this subject since this post
Fractals point to completion of commodity correction. Accumulated a large long position on GSCI futures (Goldman Sachs Commodity Index Futures). Will keep pyramiding up as markets rally. Took on a small long position again in corn futures with a tight stop at the 353 level. Continue to carry a timid long position on the Nikkei futures which shows some promising signs. Overall my largest positions and exposure is in the forex markets were volatility continues to rise with the uncertainty surrounding Greece. Might open up a pandora’s box for the EU with Portugal, Spain and italy next on the list.
Forex: Long GBP/AUD, Short EUR/SEK, long USD/JPY, long US Dollar Index futures
Interest Rates:
Eurodollar December 2011 perceived fractal has not proven as expedient as I had hoped. I however continue to carry a short position. If these markets can touch the 97.300 level I will increase shorts to over 100 contracts.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Note: this post is 8 months old. . I publish on a regular basis. Please use the search system (or browse the archives) to see if I wrote something else about this subject since this post
Orange Juice Futures continue to defy secondary correction. Having touched 1.3450 they rallied back to new highs of 1.4380. Remain on the sidelines on OJ Futures.
Eurodollar futures have began secondary rally back to the 97.600 level. Will begin shorting again at those levels. Sold out long position on Nikkei as I anticipate slight correction (Precursor has been the recent rally in the Yen against the US Dollar from the 93.00 level down to 91.279.
Expect bulk of profits in first quarter to be made form trades on the Forex Market. Anticipate Pound rallying against Aussie (GBP.AUD) and likewise against Yen (GBP.JPY). And dollar should continue surge began late last year against major currencies (US Dollar Index).
The verdict on the Equity front is still out.
By Andrew Shawn – Recursive Investments in Global Financial Markets