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B4 The Bell, Frieday June 4


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If I were a money manager, I'd be frightened to death about today's action.

Ten Year is about to blow up, SOX is about to break down, 1125 still stands as resistance, volume was and continues to be a joke. Every trick has been played, every lie has been told, and nothing is able to bring fresh money into this market.

 

Today was merely a short squeeze, followed by propping operations.

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If I were a money manager, I'd be frightened to death about today's action.

Ten Year is about to blow up, SOX is about to break down, 1125 still stands as resistance, volume was and continues to be a joke. Every trick has been played, every lie has been told, and nothing is able to bring fresh money into this market.

 

Today was merely a short squeeze, followed by propping operations.

Plunger - that is my play at the moment. 1/5 in RYJUX, 2/% in RYTPX. 1/5% in RYVNX and 1/5 in reserve.

 

1127-1128 has acted as brick wall. Hopefully, they don't tunnel under it over the weekend :D

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