The bots ( computers) are in control! Yesterday we missed the short side on the stocks. We’d like to put some out against yesterday’s high of 1352. Our current positions will be as follows: Short S&P 500/ Long 30 year Bonds futures, Long … Continue reading
The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being … Continue reading
Were looking for a 3-4 point break in the 30 Yr. futures into the low 115’s. Futures traders sell any rallies back towards Dr. Nenner’s model level of 119.22 with a tight stop. ETF Traders ….(TBT) As long as the … Continue reading
Spu/bonds are still going after the rejection of the old continuation double top in the Bonds of 122.08 from earlier in the year ” This was the # that the March contract took 2 months toget over. It’s has proved … Continue reading
I must admit when I went to sleep last night that I thought you’d see a little more follow through in the SPU/BOND spread into today ( More weakness in the stocks and strength in the 30 Yr.). The Spu … Continue reading
Nothing is doing in the markets except for the Dollar getting beaten up again. This theme should maintain until month end. 101.60-70 AUD/USD will be a big closing pivot. You can sell against this level to see if you get … Continue reading
If the S&P starts printing over 1264 late in the day I will start bottom fishing in the TBT for a 20-25% piece. We were originally hoping for the low 34’s. The Number set in the Spu is as good … Continue reading
Short term traders should be aware the big zones and the matches based off the (H) 30 yr. Bonds for reactions in the SPU/BOND spread. The march bonds could get to just over 126 on a panic and complete the … Continue reading
Night Owl Trading. The Spu got the stops under unchanged on the year ( where it closed Dec 31/2010) This is significant for all those buy side private wealth managers whose mantra is to just buy and average forever. They … Continue reading