By Hedge Ly
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| ES_F 5 min .. 1250 "kiss" |
Well all be damned just in time for santa to climb down the chimney... I thought i was surely getting a lump of coal because of all my bearishness. I am a bear at heart but this markets volume is so low there is nothing that can move this market down so why not give the bastard and upward skew into the holidays? Yeah why not? The chart up to the left is a 5 minute of the ES_F, nice slow non alarming upward skew.
What is interesting about this move is the US dollar futures are on the move as well, hanging in nice and strong despite their opposite correlation earlier this year. Also precious metals are not up really enough to talk about they they are up and are showing signs or breaking the all important correlation until the new year begins when the big money comes back into this market and shakes things up a bit.
When i say shake things up a bit i mean volatility might pop a bit up into the new year because
historically when the vix is at quiet low levels of support there are all be it quick, but violent spikes. These spikes catch many skinny dippers off guard. Do not get caught naked in the pool ladies and gents, kinda embarrassing.
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| Us dollar 5 min futures |
The US dollar futures may be propped up a bit but you know what take it down to you terminal and trade them bastards. She held 80.60 this morning an pushed through 81 with ease all while spot gold and equities were making highs....
