Playing the I fund

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350zCommTech said:
A strong dollar is not helping. The action so far tonight is only 1/3 of the I fund, and it's already down 15 cents. In a few hours, Europe(2/3 of I fund) opens, and if they follow the Asians, it will hurt as much as Friday or worst if the dollar gets even stronger. I would expect Europe to open low and eventually track the USM in the morning.

I would normally look at this sell-off as a buying opportunity, but I believe the dollar will get stronger on Thursday. Unless the dollar shoots up significantly tomorrow pricing in Thursday's ECB/BOE's no change in policy.
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Me thinks the dollar is going to 87 before the trend is reversed.

Jeff

http://quotes.ino.com/chart/?s=NYBOT_DX
 
350zCommTech said:
Wheels,

If you don't mind me asking, what did you decide to do today? Did you stay in?
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I stayed 50 I/50 S. I'm thinking the I fund will rebound nicely tomorrow since US markets seem to be climbing towards the close. The S has been up several days in a row now. If it is up again tomorrow I will probably try to get out for a day or two as it is due a rest once again.
 
350zCommTech said:
Well, so far, C fund is showing a change of .40% and S fund shows a chnage of .58%. A little bit more in the C fund and you might get your wish. If they do a FV, it'll be +10 cents.
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Tech, I think you need to re-evaluate your assumption that FV's will come in 10 cent increments. I've been studying FV's for about 2 years now and I don't think history supports it. (Having said that, I'm sure that it'll be 10 cents today).
 
Wheels said:
I stayed 50 I/50 S. I'm thinking the I fund will rebound nicely tomorrow since US markets seem to be climbing towards the close. The S has been up several days in a row now. If it is up again tomorrow I will probably try to get out for a day or two as it is due a rest once again.
Click to expand...

I agree with you about the S fund. Las night's sell-off in Asia might have been because of oil? I'm not sure how they'll react tonight, after another huge drop in oil today. That was another reason why I stayed out.

For tomorrow, I still believe the dollar will be strong and it might hurt the I fund. If that happens, I might jump back in the I fund, or maybe C fund.
 
Wheels said:
Tech, I think you need to re-evaluate your assumption that FV's will come in 10 cent increments. I've been studying FV's for about 2 years now and I don't think history supports it. (Having said that, I'm sure that it'll be 10 cents today).
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Hmmm...market came back a little in the last few minutes. But you're right, I remember seeing a 22 or 24 cent FV a while back.

Btw, please don't call me Tech...:D
 
350zCommTech said:
I agree with you about the S fund. Las night's sell-off in Asia might have been because of oil? I'm not sure how they'll react tonight, after another huge drop in oil today. That was another reason why I stayed out.

For tomorrow, I still believe the dollar will be strong and it might hurt the I fund. If that happens, I might jump back in the I fund, or maybe C fund.
Click to expand...

I'm still calling for 87 before we reverse the trend.....
 
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