The market seems like it wants to move up here, maybe toward the 1165 level.
Out side of the above, there are a few trades I am seriously considering.
1. GS - I think GS, and all financials, are going to get a pop with the EU action. Because of the chatter we are seeing, I think it will happen sooner rather than later. I am just looking for a move that will start the bottoming of the US financials, maybe to 104.
2. FXE - With the euphoria of the EU action, the Euro may get an additional pop. (Although with this pop currently happening, I am tempted to take some of it on now.) After the pop, the FXE will continue its fall.
Post a Comment