The BOJ threw a wet towel on future stimulus tonight. As such, asian markets reversed early gains and fucking plunged through the bamboo floorboards.
Risk, for lack of a better word, is off. Japanese stocks are vacillating between egregious and mammoth losses, anywhere from 2-3%. Hong Kong is down 250 points, now below their “NAV”. The last time it was breached was during the Asian contagion crisis of 1998.
U.S. futures have reversed earlier gains of +130 and are now lower by 50.
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I still have to deal with the ECB tomorrow morning. Us Bears do not like it when Super Mario opens his mouth. If he says nothing, then we will have below SPX 1800 by the end of this week.
might have to fade a Mario bump.
Fuck Davos and the train it road in on.
This is exactly the type of open you want to see after yesterday’s close…..a boring one. A big gap up would’ve been a big trap. Yesterday was a good day for bulls, period, now let’s see if we get the right follow through.
Fly,
You closing out some of your 200% SPY now? Seems like a new mistake. One that only pikers would make in this tape…
newb
1/6th at a time, whether I like it or not
Good for you. Sticking to your plan, no emotions… very good!