Roll time indeed. As mentioned last week, OI is lower than we have seen in recent months, but still we are about to enter the prime period of the index roll. Expect much of the action to be focused on just that. On the macro front, it seems everything as it relates to CHINA will still be the driving force. Equities are recovering this morning as the YUAN has stabilized.
At current levels, the market is below the 50%, 61.8% levels of the larger range (.9055- 1.1565). As Tango hinted at earlier, the market has shown moments of vulnerability and being on the defensive though we continue the day to day see-saw action.
Glad to see an active forum. Glad to see shortdude, PCCoffee, and others back. To the newcomers "Welcome" -- Sagal, NGOs etc.
Good trading all.