Bill Gross has been busy this week with interviews and tweets about the Fed’s exit strategy from QE. He said: “We are in a war, a very bloody bond war.” Also, “I think QE is changing and I think September is probably the time. We give it 80-percent and here’s the reason. We think the […]
ES is whipsawing so we are closing our long entry from 1656 at 1659 for a +3 point gain. We’ll protect the profit and head into the weekend with decent gains for the week.
We want to go long ES at the open at 1656. We will manage risk as this is likely an intraday position.