http://www.bloomberg.com/news/artic...g-the-pound-before-brexit-vote-says-spokesman Bloomberg June 27, Soros was long the pound.
There was a big 1630 TICK this morning which indicates a big buying spike. This is usually a short term indicator that could mean a top is in, or close. We see the same to the downside, when there is a huge flush of sellers, it indicates that they have thrown in the towel. So far market internals are very bullish, so no tops yet, but seeing this is a long weekend (July 4th market is closed), many long positions may unwind today and tomorrow.
I agree with that, and even the market is up I think money is flowing into safety stocks like T, VZ and other big names
SethQue had a nice trade idea, TBT obviously getting smacked down, so he is playing "catch the knife" here with some call options. I think we see this all reverse soon and TBT will get some upside
Doubling down on SPY short position. Wake up markets, winter is coming. Seriously though it is tough to make a buck shorting this market.
Wonder how low $TSRO can go in the long run if FDA puts up obstacles or does not approve as easily as bulls expect today. LOL
Federal Reserve Stress Tests Put Big Bank Shareholder Payouts On The Line The Federal Reserve is scheduled to release the results at 4:30 pm EDT Thursday. http://www.ibtimes.com/federal-reserve-stress-tests-put-big-bank-shareholder-payouts-line-2387726
Lowest TICK reading of the day here, if there is a reversal, sellers should start coming out. The ES is also at the Friday rebound highs around 2060.
