Tuesday, October 19, 2010

Well Here's Our Pullback :/

Wow... Markets down today over 2%, looks like I should have held short! Right now I really believe the Yen is overvalued and I am short it because of this. I am also long the euro right now. After large drops like these (one day drops), the next day we are usually rotational with a slight downside bias, so tomorrow I am looking to buy some stocks at cheaper prices.

Current Positions:

Long 30 000 EURJPY @ 113.27
Long 20 000 EURUSD @ 1.3811
Long 20 000 GBPJPY @ 128.19

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