- Put on numerous hedges on Friday (short equities and short USD/JPY) to protect core book against possible growth slowdown following Japan earthquake. IMR (initial margin requirement) usage up substantially. Need to get back within risk parameters. (Also, Fukushima situation still fluid).
- Also want to put on short Bunds/long UST-note spread in the days ahead + Buy Gold on new historical high.
- Monthly = Triangle breakout with good upside potential. Weekly = May be some upside resistance from here. So unfortunately have to square long cable (just done, at 1.6216) to make room for the greater good. Choice of cable (to square off) is last among equals.
No comments:
Post a Comment