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June 14, 2007


Stock Du Jour (FXY) & Random Observations

Nice positive morning but then at 2 PM on the dot some serious buying kicked in and continued into the close. It still amuses me how the buy (and sell) programs are set exactly on the hour (ah, the little Beige Book, good thing I don’t read the news).

Notable New Lows: Citadel Broadcasting (CDL), Hovnanian (HOV), UTStarcom (UTSI), Warner Music (WMG), and the Japanese Yen (FXY).

Notable New Highs: DeVry (DV), First Solar (FSLR), Petroleo Brasileiro (PBR), Schlumberger (SLB), Caterpillar (CAT), Autodesk (ADSK), and Illinois Tool Works (ITW).

I’ll feature the Japanese Yen ETF as the “stock” du jour… should write a quick thing about the Yen carry trade later. (On second thought I don’t have the energy to write such a thing; suffice it to say that the carry trade obviously ain’t unwinding any time soon.)

FXY

This entry was posted on Thursday, June 14th, 2007 at 8:36 am (utc+8) and is filed under Trading and Investing.

5 Responses to “Stock Du Jour (FXY) & Random Observations”

  1. " id="comment-5878"> KS said:
    June 14th, 2007 at 9:00 am

    The Beige book was released at 2

  2. " id="comment-5879"> C. Maoxian said:
    June 14th, 2007 at 9:02 am

    KS: Thanks, I just learned that from reading Trader Mike’s post.

  3. " id="comment-5880"> Maoxian » Stock Du Jour (FXY Again) & Random Observations said:
    August 17th, 2007 at 8:44 am

    [...] Back in the middle of June I wrote “the carry trade obviously ain’t unwinding any time soon,” picking the exact bottom in the Yen. ;-) [...]

  4. " id="comment-6455"> Maoxian » Stock Du Jour (FXY Again) & Random Observations said:
    August 17th, 2007 at 8:44 am

    [...] Back in the middle of June I wrote “the carry trade obviously ain’t unwinding any time soon,” picking the exact bottom in the Yen. ;-) [...]

  5. " id="comment-13483"> Maoxian » Stock Du Jour (FXY Again) & Random Observations said:
    August 17th, 2007 at 8:44 am

    [...] Back in the middle of June I wrote “the carry trade obviously ain’t unwinding any time soon,” picking the exact bottom in the Yen. ;-) [...]

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