Tuesday, June 26, 2012

THE PRE-EVENT WEEK


                                              The Eurozone

Outside of the usual games being played by large hedge funds and the Central Planners, this is the type of week you can expect fake outs all over the place. What with the “big” EU summit this coming weekend, where nothing will happen except they agree to meet again in 2 weeks with a different caterer, position squaring is the order of the next few days.

We got our 10 pips early, and after that there were a couple of weak buy signals, but nothing to get me back in to the U.S. session clusterfark.

End NAV:  0.9014

Have a good day everyone.

-vegas

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