Monday, October 20, 2008

ES, USD/JPY and TNX divergence?

Make what you will of this, but it appears the ES, USD/JPY and TNX correlation is getting unglued. Does this point to a down day tomorrow or say by Wed/Thur? Need confirmation on Tue.

Thanks Alcan for pointing out TNX.

7 comments:

alcan said...

Noticed this too; in addition, the 10 year Treasury was also rallying as the market rose towards the end of the day. So who is correct? Currency and bond traders or CNBC?

ARAK said...

Currency and bonds point the way 90% of the time

Vishal said...

Looks like short 990 was the trade for the day......what are your current thoughts ?

Vishal said...

I covered at 975 as per pivot point (PP) of 973.xx

ARAK said...

Watch market action in the morning before entry .. looks like 973 may not hold today. Yen and TNX are even lower than yesterday. We may see 923

ARAK said...
This comment has been removed by the author.
AJ said...

gaandu

aaj pese nahi banai ab commentary dena chahta hai ?

:)
just kiddin man
it was tough today

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