#TSOT - MT101 - Market Perspective & Insight: CCY & STOCK Indices

Alternating currency trade between the US Dollar & Yen has been a norm for investors shifting with the Yen gaining strength on #USD weakness initially breaking below the #DXY - 95.05/10 levels led the decline registering a low @94.42 basis point on the session, while the #YEN trading below the 100.00 mark & comparing it with JYZ2016 Futures contract

The FOMC minutes barely helped investor & traders set a clear direction that led to a USD dropping to its former levels. While the #EURUSD continue to take advantage by climbing back above the 1.1300 levels to this writing. And the British Pound (#CABLE) have benefited from the USD; pacing the #EURO currently @1.3065 from a low @1.2789.

Alternating Trade between the two majors & Shifting these pairs has been a market strategy applied whenever such conditions are reflected in the market place. But this has not changed our market outlook as we are merely adapting the trades with the changes as they happen.

Apparently, the incremental net changes on the DOW and SP500  Overlay continue while sustaining their respective price range within tolerable up and down swings. A lot of growing pessimism among legendary names have been calling a major correction / decline for stocks for sometime. Such legendary calls from George Soros and Paul Tudor Jones have started to double down on their bets as early as the 2nd quarter based on their SEC F13 filing of their trade positions which are at a loss at current market levels. And not suffer the same fate that John Paulson had with the #Gold market after making a killing with mortgage rates.

Now we shall see who really gets to blink first in the event that a remarkable rally would happen with the major indices still hovering at the higher band contrary to their respective market corrections. As we +megatrade101  remain on course well within the SP500 trend marking 2080 /2105 range as a valid support to hold pour stand. Strategies are in place for Options & ETFs to cover any such declines in stocks. For as long as the #NASD holds its ground above 5k we should be good to still go on course! While protective trades are in play ONLY whenever it is needed.