38.20-30 TBT now becomes a key zone…. Price action above this area and the bonds and TBT can extend. Technically this is a short term double top..which means the equity markets have to hold this break for further Bond weakness … Continue reading
Both the Dec. and the March Bonds are attempting to put in outside reversal days and weeks to the downside. These patterns are generally price negative. You’ve seen earlier in the week off the monthly patterns that you need a … Continue reading
It’s pick a swing day. 130 +- a few…131+- a few ticks are the major retracement levels coming back up in the 30 Yr. Bond futures from the 125.18 double bottom and our exit area ( app. 138.20 ish in the TBT) … Continue reading
Food for thought.. Sunday night brings us to another episode of Full Moon Trading. Once again a good part of the world gets out their Ouija boards and decides which way they want to place their bets. Simply put, it’s … Continue reading
The anticipation of the press conference is out of the way in Germany. Short term traders should take a decidedly you first approach to today. Present Holdings… short the 30 yr. Bonds ( long TBT) looking to sell any major rally, or … Continue reading
Some of you sold the (F) oil yesterday. Keep your stop where DR. Nenner suggests. Oil inventories are out today and Dec. Oil expires Friday. This generally increases volatility. This trade is a great example of Charles system at it’s finest. You have … Continue reading
125.185 is 1/2 way back on the year ( a 50%) re tracement.. Although the Etf’s generally do not correlate well with the futures this is an excellent place to take some of this trade off at the market. Close … Continue reading