So the cunning plan is to take the lead for European trading from the S&P's close the day before. Sounds reasonable enough, given that the US remains the source of most of the financial market newsflow in the world these days. Would have worked fine in the April and May, with a directional bet working out about 2/3rds of the time based on the previous night's US move.
However, the plan went pear shaped in June and looks just as bad in July, with a pretty much 50/50 hit rate. 5 of 9 days in July, so far, whipped around all over the place!
Better start to work for your money, Eurotrash!
Stumble It!
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