Per the A.M. Look 12/22/10 you should now have another piece of your short Bonds long TBT position on again. This was a resting order GTC ( good till canceled). Spu…as long as the Spu closes above 1244 the markets … Continue reading
Euro…This dog put in an outside reversal day to the upside yesterday. This coupled with a monthly double bottom pattern still intact from 129.70 puts this on buy the breaks mode. According to Dr. Nenner this currency bottoms this week … Continue reading
We have long exposure to the SOXX and BKX indices. These two sectors still look attractive. The risk for any long Soxx is 55 stop close. BKX ( Philly banking index) the true stop is a 49 stop close. The … Continue reading
We sold 70% of our TBT position last week covering our 30 yr. bond shorts. I’ts time to start scaling back into this position. Sell the 30 year bonds/ buy the TBT basis a 122 march bond futures print. The … Continue reading
The Dec. Bonds go off the board tomorrow. Some of you asked when I might be looking to sell the 30 yr. Bonds again and re purchase the TBT. We will look Wed. to see if there is a level … Continue reading
Today we bring you another episode of Full Moon Trading, with a rare Lunar Eclipse twist. ( Trend changes can happen) The Euro put in a lower last last night and is attempting to rally. While it trades like a … Continue reading
30 Yr. Bonds…Per our M.O. we took the bulk of our money on our short Bond ( Long TBT ) a day early…the short term pattern shows a nice daily double bottom. The high 121’s to the low 122’s should provide … Continue reading
Time to take our money before the Fed.. Let’s take 70% of this trade off… Sell 70% of your TBT at the Market! If there was ever a day set up for a drubbing this is it.. Book the money. … Continue reading
There is now a possible weekly double bottom in place the the Dec. 30 year after making a lower low form last week by 2 ticks.. A close over 123.25 Dec…122.08 March would mean we’ve seen the low for a … Continue reading
Today will be all about price action. Do the Spu’s hold and rally back with the bonds continuing their upward march in yield? This in turn would be price positive the oil patch ect. Risk On. USD/JPY…84.40 is the major … Continue reading