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Net Euro Shorts Rise Again In Past Week - Tom Stolper Bullish Call On Euro Imminent?
Just in time for the latest headfake out of Europe where sentiment at least on thus Sunday afternoon is that Greece is somehow saved (on a rehash of an old story, namely that the ECB welcomes the combination of the EFSF and the ESM - something that Germany has previously expressly refused to comply with, and something which is utterly meaningless - where will the money come from - Italy and Spain? Or will China invest more than the single digit billions in EFSF bonds raised to date?), we look at the CFTC Commitment of Traders for an update on speculative sentiment. There we see that just as the general public was starting to comprehend that Germany may let Greece fail after all, a fact confirmed by Tom Stolper's most recent flip flopping on the EURUSD, which caused the Goldman catalyst to end his call for a rise in the EUR currency (and for ZH to take the opposite side as usual, a trade which is now 160 pips in the money- recall "Needless to say, we are now closing our short reco at a profit 9 out of 9 times in a row, and doing the opposite - i.e., going long."), speculators ended the two consecutive weeks in reducing net short exposure, and the week ended February 14 saw net short interest rise again from -140.6k to -148.6k. So if one is wondering what the weak hands are doing that just got burned shorting the pair in the past 10 days, the 100 pip move higher (which has sent the ES over 1370 and the DJIA futures over 13K) this afternoon explains it. For those wishing to bet on a contrarian outcome, which in Europe is pretty much a given, our advice is to wait for Tom Stolper to issue his latest EUR bullish forecast, which will likely be forthcoming any minute, and which will cement the FX strategist's place in the FX anti recommendation hall of fame.
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Just in time for the another Euro squeeze.
if you squeeze that fake boob hard enough, the silicone bag bursts.
Yes, maybe, just maybe Germany starts to spiral into political chaos and they cut Greece loose. China inflation/stagflation meltdown has begin. So no one is saving anybody. HFTs are gaming the risk trades and yes FX bulltraps are in ala the EUR.
This market will go short brutally in zero minus and counting.
http://www.reuters.com/article/2012/02/17/us-germany-president-idUSTRE81...
Now that the GS programmer has been declared innocent, he can go ahead and sell an iOS HFT app.
Time to stick it to the FED!
Yes I repeat. "Germany starts to spiral into political chaos"
+ China about to go stagflation beatdown to hell.
We all gotta take the pain sometime.
It'll be fun to watch the head fake AND trap come Tuesday morning! Ah it's good to be just watching!
Yep, it is good to be just watching.
As reality programming goes, however, it still takes a backseat to "Tabatha Takes Over", IMHO.
But his long grizzle patties, short deep fried rancid pork in a basket recommendation made a handfull of angry bottle flies.
This breakout should be Good for 3,000 Dow points
WTI popping at the moment ... up 1.75% to $105.05
Surely, $110 WTI and $130 Brent are bullish for...well, something.
I smell $4.00 gas by mid-March.
It is 4 now in many spots in the west.
Bullish for my drive to work! Hopefully, it'll thin out the traffic a bit.
Stolper has his e/u trade parked right between his 160pip gap, aka his " Bung Hole". The guy doesn't own any vineyards by the way!
The trade is pathetically farcical at this point though. The ECB and Draghi need to be " Pasturized" before the (ECB) salmonella spreads into sewers of any rational banking channels!
So far I count 9 bucks on the "barbarian":))!
Oops just pased 10.30!!! Oh well maybe by Tuesday morning it'll be all gone, eh?!:))
Anybody got a match?
New week coming - same endless stories and endless market rise and commodity rise - but who cares about the economy or the millions of unemployed and overburdened surfs.
I love how everybody goes OOOOOO on this roller coaster.
That's what roller coasters are for!
Greece gets its 130 billion euros. Crisis solved.
That's the ( BIKINI WAX). Double check the full package.
What are they pricing in this time?
Last I checked 128% , as opposed to 120% by the 20~ timeframe. Germany want's them out.
Stuck my toes in a short @ 1.3050 and 1.3100 in another block Friday....dinkster margin.....we'll see how this works out....
Could be a good small to make. Gaps need to be closed, and after the holidaywith this Geo Macro stuff, could set a good pivot for the week. I'll play the gbp side.
The GBP short is a good one....both yen and USD....The U.K. situation is whistling past the graveyard of debt and denial methinks.....not that the USD and JPY are sound...but when the fear rises......the run is on....
Keep smakin' that ass Tyler. She likes it.
Complicated? Yes. Does she like it? Yes.
But only if you are honest WITH Her.
Better than me. I'm short under 1.30. Feeling good with it though. Patience is a virtue?
If you are a good trader, which I'm sure you are? Can you feel the Rain,Thunder, and Lightning in your dreams?
If you are a good trader, which I'm sure you are? Can you feel the Rain,Thunder, and Lightning in your dreams?
Any good trader can
I averaged 6.7% per month per client last year...this year my head is up my ass....waaaaaay ahead of the curve....good thing my clients love me, and I keep them informed....
Yeah...it is.....I trade for a living, and am also short GBP/USD and AUD/USD...and have the patience to ride it out...all dinkster initial entries......short squeezes are not fun, but I see the overall markets rolling over soon
Look if you're going to be talking about the euro then there is one chart that says a lot about it in afterhours trading
AH-EUR/USD http://www.traddr.com/photo/aheurusd-990
I appologize for the double post. The South Pacific is less than pleasant. We will lock over nearing Islèts.
aaannnd...Dow 13,000 premarket. Self-fullfilling horseshit.
"R" u ready for the Soup? This deal is NOT done. The banking world is ready to tear the ECB apart!
...careful Tommy may be setting the table to win with a double secret probation trade folks!...just sayin