Janet’s Effort At The Fosbury Flop!
We have all heard of the Fosbury flop which revolutionized the sporting world of high jumping, but sadly the same could not be said of Janet yesterday who delivered their equivalent effort of the FED flop.
YM
Down the Snakes And Back Up The Ladders For The YM emini!
Just like the children’s board game of snakes and ladders, or as it is known in the US as chutes and ladders, coming down the snakes is always much faster than climbing back up the ladders, and so it is proving for primary equity markets in the US.
A day of indecision as the markets pause!
Price action on the major US indices yesterday could best be described in one word, indecision, with all of the Emini futures closing with a doji candle of one variant or another.
Anatomy of a trade – trade what you see, not what you think!
Yesterday the YM E-mini index future delivered a masterclass in trading what you see, and not what you think. Trading with an opinion is one of the most destructive approaches to the market – just ask the euro bears who have been shorting the single currency for years. All to no avail.
The growling bears retreat into the woods!
Looks like the markets just about managed to avoid a mauling by the bears, who have now temporarily retreated to lick their wounds!
The warning flags have been flying on the Emini YM
The warning flags of potential short term weakness have been flying for some time on the Dow Jones cash index, and the associated derivative E-mini YM futures contract.