Who will come out of the closet wearing the “pumps”?

As a day trader times like this can be rewarding or frustrating. The tape is giving lots of opportunities to short profitably but risk abounds.  Any moment Uncle Benny or The New French Guy or just maybe Angela herself will put out a soundbite that will jack the futures and turn your shorts from pleasure to pain. Make sure you have stops in someplace above the normal robot hunting grounds for safe keeping.  After the European close it is fashionable to come out of the closet with a soundbite in hand wearing nice shiny pumps for all the world to see. Yes the markets will ramp on those heels ! Pumps, the shoe of choice to central bankers around the world seem to be all the rage whenever the tape turns sour for even a few days. Sometimes they don’t even have to come out of the closet wearing them ,they just need to hint they have a closet full of pumps and will wear them at anytime. Uncle Benny is famous for his off handed “I have a closet full and I am prepared to use them.” Mr ECB also has been known to have an affinity for the fine shoes too. Uncle Benny has taught them well with his  classes in how to wear them. So as a day trader you must keep an eye and ear out for who is coming out of the closet. I will continue to short if the tape is heavy but will concentrate on the weakest for sure. The central banker pump is a classic, and totally in style these days.