As regulars know, I'm very long the market right now. I've got 36 positions, all of 'em long, and I've got a mountain of cash ready to throw at SSO, QLD, and other selected items.
I am eager, naturally, to see signs of Monday's opening. It's only 11 in the morning here on the Left Coast, and I'm puzzled to see the EUR/USD is already trading. I saw this last Sunday too. Did someone change the rules? I thought this didn't trade until 3 p.m. PST (6 p.m. EST). In any case, this very earliest signal of the reaction to the "global bailout" looks pretty positive, particularly for my mombo OIH call position.
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Can anyone give me some insight as to why the EUR is open four hours earlier than normal?