Fantastic correlational scenarios everywhere. Here are some examples, we can play them off against each other to offset losses. Opportunities like this are extremely good for traders to make low risk money!... You can offset pairs against each other to make low risk returns. There's a million and one way to play this, but I'll leave that to you guys.
MORE ON SPX AND DXY
DXY: Looking for offset shorts here. Shorts should come into the index SPX: Weak SPX, looking for shorts in NYSE related portfolios if can be helped... Beware we are still fighting a major moving average at this level, so the SPX should be used with DJI and NASDAQ for proper market weighting conclusions on portfolio actions...
Enjoy! Tom
Comments
IvanLabrie
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6/5 here...bam.
IvanLabrie
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5/6*
IvanLabrie
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Great stuff Tom.
Definitely a time of opportunity when opposite scenarios are at play.
TomProTrader
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Thanks Ivan, yes.. Best environment if we can correlate the pairs and buy up against others.. Even if we impulse day trade the correlational "hotspots"
Posted twice by accident.. My computer said it didn't post... Oops :)
Tom
IvanLabrie
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This one's interesting to hedge against the eurusd short/oil short.
Long eurusd, short nzdusd. Need a retracement, but well. Target is 1.85-1.95.
TomProTrader
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Yeah looks good. I suppose you can throw a risky pair onto oil pair to create a bit of a kick- lots of ways to play this