Australian dollar rebounds as “no landing” evaporates
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DXY is fading again: AUD firmed gain: JPY shorts are getting squeezed: The
oil headfake is over: Taking down metals: Miners eked out gins with stocks:
EM...
2022-06-29
Bears Failed, Bulls Get Next Shot
Bonds up, crude down, stocks in a trading range. NQ and ES looked like megaphones, now looking more like diamonds. The next move out will be explosive. Bears couldn't get a breakdown today. Next move is for the bulls to try their breakout. I am currently still long TLT, newly short USO as of today (I moved into much closer to ITM puts in July), and still long the XLC trade. I closed out IBB yesterday, but still have some XBI calls. Also still have some META calls. USO and TLT are my largest positions by capital, XLC the largest potential position if everything played out as anticipated.
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