Smart Money

You need to watch what the commercial traders are doing. This is the smart money, not the guys at the barber shop. Anyway, the commercial longs  in the euro are about as long as they’ve been since the egg cream.

 

Non commercial Euro shorts
Non commercial Euro shorts

We’ll see who wins the battle, but I’ll bet on the commercial longs right now.

 

Joe Donohue

Joe is a full time trader with 25 years experience. He is a senior contributor and investor in Stocktwits and has been seen on CNN Money and quoted in Marketwatch, Forbes, Reuters, NY Times and Wall Street Journal.