Its Over, page-2799

In my haste , I forgot to mention an observation in my last post , and that is that the AUD barely moved in response to the $130B Jobkeeper policy, from 2pm it rose from 61.3c to 61.65c by 4.30pm and since then it has lost all back .

The AUD market is telling us that is not a game changer at all. And so equity markets will listen closer the next time.

And the sharper rise on Dow futures just before the market closed, much of time is gone too, well for now.

Now I don't want to tell you how to trade BBOZ and BBUS, but as far as I am concerned (as it is a wide trade during the day), we have to anticipate both the next days move on Wall St (tactical) and the longer (weekly) trend ahead (strategic), and ensure that we are neither over-exposed nor under-exposed.

I suggested BBOZ / BBUS / GEAR only as (1) hedge/insurance and (2) to reduce company specific risks - playing in excess of need could result in losses that you didn't have to incur.