Brief post before bringing my parents to the airport after an enjoyable visit. Two new fans of Puerto Rico were made.
Futures are down after an odd day in the markets which felt like so many others since 2009. Of note today is that the BOJ refrained from further, more deeply negative rates. While the Nikkei took a hit on the news, it was JPY that was the mover -- stronger.
The S&P probed the Fibonacci confluence zone at 2023.47-2027.60 and closed below it. I dumped the entire XIV position I was holding. Would still like to consider being long in the 1950-1970 area. 1931.81 remains the hard stop, however.
I'll leave you with this, a must-read:
The 19-Year-Old Who Outperformed 99% Of Hedge Funds In 2012 Shares Her "Trading Secrets"
My favorite quote from the bottom video (from Good Morning America):
"She gets up at 5:30 am everyday and works until 1 o'clock in the afternoon when the markets close in LA and then she's a teenager again!"
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