Friday, July 16, 2010

Outside the bands

Long:
UL

Short...none today outside

Inside the band shorts:
EDZ, SKF, EEV

Interesting stuff here is that all of the retest shorts are actually vehicles that short the market...meaning the short vehicles are giving us a new entry to short them...this is good for stocks.

Breakout longs:

FXY

Breakout Shorts:
YCS

Hmm...both the breakouts are long Yen plays and they have happened after decent retests inside the bands...gonna have to check in with by buddy at BONY who's a yen master about this move....this of course isn't apparent on the USD/JPY pair, weird stuff....Nevermind...Ashraf Laidi over at Seeking alpha has the mystery solved ...not to mention a badass call on July 7th.

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