A few Friday notes...
I have finally entered long Bunds @ 123.50 ish with stop below yday close - see chart below...also as a indirect play vs. EEC being promised too much ahead of G-20 next week I have entered EURSEK long, both in cash- and options.... 11.30 call.
(Click to enlarge)
This mornings piece by Ambrose Evans-Pritchard http://tinyurl.com/c9k58x got things in motion and then Medley apperently "confirmed" ECB going for 50 bps and if not QE - then certainly Q-easing.
Keep it light - Cash 75% - 15% allocated to short EURUSD in option & Gold, 5% in bunds, and now 5% long EURSEK..... been tough weak for sceptic like me... and I am sure the "hopers" will have another go at the upside.. I still wonder, how would a week without an interventio or plan look like? The more I study and read, the more it becomes clear the "fast money" buying this market is day traders and always bullish fund managers, while the seasoned Macro guys either stay close to cash or wait for better levels to sell...
Expensive March for this manager, but.....enjoy the week-end...
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