Once again, in the milliseconds after the monthly jobs report hit the wires, algos proved themselves unreliable to stating a correct direction.
Liquidity moves markets!Follow the money. Find the profits!
After the ridiculous run-up in prices that’s been happening all freakin’ week, it’s nice to see the ES has stalled out. I guess excitement over a deadly viral pandemic can only take you so far.
I remain bullish on precious metals miners and gold itself…….
…….as well as bonds……..
I came into the day quite aggressively positioned, with 48 shorts, 2 longs (GLD, TLT) and 217% commitment. The extraordinary strength in the jobs market was a powerful story when stocks were relatively cheap, but it seems to be having a dampening effect now.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.