We're All Yen Traders

The is still nicely configured for weakness. It’s slow going, but at least it’s south.

S&P 500

S&P 500

has been just a powerhouse lately. It had an important success Wednesday, sailing right past its gap. I took profits on , but I’ve got a feeling that’s a decision I’m going to regret.

Gold

Gold

Wednesday’s standout was . I’ve been sweating bullets about whether it was going to reverse — and it finally did. I’m loaded in energy shorts right now, including being long and short . I’m not lying when I say that Gartman’s appearance on CNBC late Tuesday announcing how to take advantage of oil’s bull market sealed the deal for me. I simply became more aggressive on the short side and it paid off.

Crude Oil

Crude Oil

We’re all traders, whether we know it or not. The Japanese yen *IS* the market these days and thanks to President Trump’s Wednesday pronouncement that the dollar is too strong, it has just added fuel to the fire. Thank you, Mister President.

The Yen

The Yen

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