Wow, Forex-trading junkies, betting against the yen, are having their heads handed to them, as shown here:
A nearly TEN-PERCENT move in the highly-leveraged currency casinos clearly is destroying not only many hedge fund bettors, but also jillions of little Forex day-traders.
(Spock Conclusion): Things are getting crazy in the various gambling dens, folks. From currency parlors, to equity casinos, to bond betting, the turmoil is undeniable. And with our illustrious Fed Heads meeting next week to decide the “Free Market Politburo Price” of interest rates, and how much more QuantSleazing they are willing to do, all eyes are on Benny (who is quietly inching toward the career exit door) and his Merry Band of Monetary Wizards to “save” the world.
Will these Pigmen come through?
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes.
I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.