For the moment, 133-27+/28 is the new mode for today.
Recall that this Friday is month end, so combined with this weeks POMO, I do expect a grind to higher prices. Perhaps buying dips this week won't be such a bad idea if we get a little volatility?
Tuesday, August 28, 2012
Mode Shift - But still looks tethered
With the week heading into Labor Day weekend in the US, expect volumes to be extra-light, and typical correlation models to be extra weak for the next 5-7 trading days. I am contemplating taking a vacation and coming back when my large sized friends in the market are back in session. On the flip side, there may be some easy mean reversion trading to do (in small size) as fewer players means less movement? Its hard to tell for now.
For the moment, 133-27+/28 is the new mode for today.
Recall that this Friday is month end, so combined with this weeks POMO, I do expect a grind to higher prices. Perhaps buying dips this week won't be such a bad idea if we get a little volatility?
For the moment, 133-27+/28 is the new mode for today.
Recall that this Friday is month end, so combined with this weeks POMO, I do expect a grind to higher prices. Perhaps buying dips this week won't be such a bad idea if we get a little volatility?
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