Iqbal Latif

These Market Internals Make It Hard To Be a Bear

It is always good to sell something you don’t own, forget about futures that big players use all the time even smaller players have the luxury of a short with ETF’s like SDS and DXD, SRS all these are ultra short products and provide necessary juice of liquidity in a down turn a long portfolio can be shorted in no time without losing out any long position. The very availability of these instruments have kind of acted as a bottom under the market, in presence of wide variety of short instruments the internal strengths of the markets is a very important indicator rising internal moving averages indicate that a short term bottom is in place, .. $/Yen is stabilising - one needs to look at the carry trade, if carry trade is back in play we will have a move Above 12600