Saturday, August 30, 2008

Portfolio Performance : +31.17%

Actions : Did some intraday trading on the USD/CAD

US Barometer stands at -1.5

Recommended trade : Sell USD/JPY

Bottomline : US dollar strength deterioration is becoming apparent. US equities might weaken a little, I see some signs of fear coming up, I continue to think that the rally in crude will not last, but I am keeping my fingers crossed that equities will not break down in the short term

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