Capital Flows…Market Extremes

Everybody seems to be jonsing to do a contra- trend here in the stocks and the currencies.

Your risk in the S&P is a new high.

Euro…some newsletters sold them around 141 ( the 200 day), over 70 points ago… 142.50-80 is the lower risk area to sell.

Your risk is a close over 143.85 Euro. A close over that level and you are just dead wrong.

Investors using the ultra-shorts ( EUO), the stop is a 14.85 close.

I am getting questions, so I am writing what I see.

The other analysts could be spot on, however I have no burning desire to short anything going into month end.

 

This entry was posted in Archive and tagged , , , , , , , . Bookmark the permalink.