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Today, the US market staged a very strong bullish reversal on its moving average triggered by an unexpected sharp rise the Crypto-currencies complex. There is no doubt that some “whales” are playing the crypto space, leading with the them the Reddit crowd.
We seem to have reached a stage where the tail is wagging the dog and where moves in the crypto space seem to influence the risk on-risk-off mood of the global market.
We were stopped out of our remaining position Short Bitcoins. We are now completely out of the trade for now and traded it profitably.
We also took our profits on our shorts in the Nasdaq and SP 500 Future and our long Volatility Future.
We also took profits on our short Apple and Short Microsoft, reducing our global Short exposure significantly for ow.
New Asset Allocation
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