“Peace ends when you are emotionally involved in a situation. The practice of being an detached observer helps you stay stable and calm. It is the best way to approach a decision in any circumstance.” – bkwsu.org
Remember that when we have slow data weeks with ECB/BOJ meetings stacked at the back end of the week, the focus is on how we ‘end the week’ not on the action into the meetings. As most reasoned traders will know, there is very little edge in trying to fade drifts into these meeting, especially when the are structural unwinds. Today we will focus on how to position and take advantage of this kind of context.
Here is one of the most important charts on the board (not going to post the chart of the 10 year yield knocking on 3% as everyone is probably sick and tired of seeing it):
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.