Trading Sep Futures with a Long bias based on the thesis:
US DJ, S&P rally seems to be peaking on its post-COVID rally.
ECO data out from the US generally seems strong as well.
Believe that international indices like NIFTY and STOXX will follow-suit.
Risk: Most of the rally has been done, hence watch for range trading from now till Sep.
US DJ, S&P rally seems to be peaking on its post-COVID rally.
ECO data out from the US generally seems strong as well.
Believe that international indices like NIFTY and STOXX will follow-suit.
Risk: Most of the rally has been done, hence watch for range trading from now till Sep.
تم فتح الصفقة:
Bought Sep18'20@3,294
تعليق:
Vaccine speak grows louder. multiple take profits. current Sep18'20 average price at 3,348 and breaking even currently.
أغلقت الصفقة: تم الوصول لوقف الخسارة:
Position closed at 3381. Looking for re-entry.
تم فتح الصفقة:
Re-entered Sep18'20@3,367 . no slope
تم فتح الصفقة:
Average price Sep 18'20@3,360. EU leaders are gathering to discuss stimulus measures but are not yet coming to a consensus. I believe that they want to do something so markets may remain flat or inch upwards in anticipation. I will build a small position as diversification from my larger NIFTY position and as a bet that EU leaders eventually reach a consensus. Currently, news-flow indicate a rotation into EM economies.
تعليق:
EU leaders reach an agreement. Added more in Asian hours in anticipation for Europe.