Greetings again, Everyone!
As we move about 30 Minutes from The NYSE Close… our first Post at 7 GMT this morning ( Midnight for “Crazy CVJ”… as everyone usually calls me … ) comes to Fruition as we have worked throughout our Day.
The Dow and S&P 500 Correlations keep The Yen Itself extremely Well-Bid… as The Yen Crosses take a Dive along with Dollar Yen.
Of course also as we have discussed, The Energy Sectors are full of Uncertainty as Crude Clips about $9.00 in the last Week alone… down about 12% .
In my personal View, The 875 Area or so on The S&P is a crucial Area here… as The Equities and Indices as a Whole pulled a few “Bear Market Rallies” that simply may have been Over-Extended.
To clarify my Thoughts here… We simply still have this Wide “Dis-Connect” between our actual Economic Health and Macro-Market Activity.
Of course… I am in NO WAY implying The Markets are Wrong… as in my personal Philosophy…They Never Are.
It Is what It Is… and it is “Our Job” to Act accordingly with Prudence.
There is certainly a Difference between Mis-Pricing… and Markets actually being Wrong…
“OK…Off The Soap Box, CVJ! We told you yesterday!… Enough of your Philosophical Babbling!”… the CVJ Fan Club Guys say.
( Is it time already to send them off for another Vacation???… hee heee…
Here we bring up our Euro Yen and Pound Yen Crosses from earlier, and Price Action on both is rather Self-Explanatory.
Both Units Clip our Dynamic Trendlines to the Downside as Price reaches for more Stable Supportive Handles.
Give them a Click, and Post-Time is 19:50 GMT.
Now… as we move into The Asian-Pacific Sectors, we “should’ see “Bleedout” from the NY Session, and have The Asian Bourses bidding and opening lower… but of course, we shall see… as we prefer not to “Predict Anything”, but use Probabilities in our Favor.
We will take a good look at The Dollar Yen for tomorrow’s “Big Blog Post”, so please join me in a few hours as we move into Asian Work!
I will see Everyone soon!
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