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.
Archive for August 8th, 2012
August 8th, 2012
About Trading Diary
I follow the SPX minute chart and comment on it thru out the day. I have a basic Start of the Daily Diary as the original post, but it's the comment section that "is" the Diary. I welcome anyone who wants to talk to me thru out the day to post there. Feel free to throw out ticker symbols or ask questions. This is all for my own education and not to sell anything or present news or give out any financial advise.It's just Stock Junkies hanging out and learning. The original Trading Nymph's Trading Diary was started on April 13th, 2009 at Stockpickr.com. At the present time I have been following a commodities bubble which I first notice in April of 2009 due to actions of the Chinese and other global Governments.
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