First off, I must complain mightily to the market gods: Kuroda disappointed the market. The USD/JPY is collapsing. It wasn’t that long ago this would have meant a huge selloff in equities. How about today? Well, we got a little weakness at first, but now – – nope. ES green. TF green. NQ green. Tim’s stomach……green. Nothing is bringing this market lower. Nothing.
I lightened up swiftly on energy shorts this morning, because even though crude was down about a full percentage point (yet again), it tagged its Fibonacci retracement, so I figured it was time to scurry away.
Bonus Image: the pure, sinless future head of the world (which is what last night’s pure white pantsuit was all about).
