Trading Nymph's Stock Trading Diary

Yesterday really just confused the heck out of me because Bonds and JNK were not coming along for these strong rallies. What really moved was Oil/Energy…so many are pointing out the NFP data and Draghi saying this QE/stimulus saving…but the market is saying something else. IMHO the market is saying that too many were caught short in Oil during Hurricane Season and they were squeezed since last Friday. We will see if this is the case when Hurricane(yes it became one tonight) blows out. It appears that it is a Cat 1 and the Gulf Oil Rigs on the other side are not really that worried about it. Tropical Storm Florence is gone too. Going into the Europe Session we have German Trade Surplus expanding making Eur/USD weaker 1.2371, AUD/USD at 1.0545..and Oil and Oil names weaker..wti at 93.33. Shanghai Comp closed slightly up, same with Shanghai futures. Spainish 10 year is at 6.88% which is up from yesterday. Mervyn King will be speaking in a bit.

August 2012