looks like a good move today to get large cash at hand.
though spx gave up all most all the gains today, it is good to see tlt rose too much(unsustainable) and xlf sort of showed some strength, i will add more shorts of tlt should it continue to go higher.
another good thing for bulls is italy 5 year bond cds continued to drop at 444, that is a heck lot of lower than the 600+ level.
comercial traders in euro area still holds af of the past tue. a record high long contract, that is a big thing for bulls too.
on the bearish side, qqq was weaker than over all market, both gdx and nem big drop when gld actually rose, i think we need some more downside consolidation to do some shakeouts. |