Tag Archives: Spu/Bonds
Bunds…30 year Bonds…Pattern Alert
136.56 December….A Friday close below this level puts in an outside reversal week to the downside. 140.16 (September) 30 Yr. puts in the same pattern as above. This pattern would be stock positive to the Dax and the S&P 500
Price Action…Position Rationale
This A.M. we sold some S&P 500 to hedge against our short Bonds and Long Equity Nibbles. It’s going to get busy after London’s close today with a statement expected as to the survival of Greece followed by a 30 … Continue reading
SPU/BONDS
The 30 Yr. Bond Futures are trading within ticks of it’s model closing breakdown level. “139.17 Dec.” We have to monitor this level closely to see if this is going to be the high in the Spu’s and the low … Continue reading
A.M. Look 9/14/11
Yesterday we picked up a few names in a small way. Keep the tight stops in place. SPU…The range was very big last night. We will monitor the price action to see if there is a low risk level to … Continue reading
A.M. Look 9/12/11
Early London saw the Euro trade into the 134 handle. This is close to a 50% retrace of the past 2 years. It also led to the first contra trend reversal in 6 cents. This move is long in the … Continue reading
A.M. Look 9/9/11
In Currency land the Euro and Suisse have basically achieved their first Fib tgt’s we put out yesterday. The G-7 meeting is starting. SPU’s…They’ve muddled around all night. This will be an end of day game. Will they or won’t … Continue reading
Q & A Time
A question was put forward by a client: Why are you not just buying the SOX index with a tight stop? Answer: I am not chasing… I prefer chart pattern confirmation. I already have long equities via the short bonds! … Continue reading
A.M. Look 9/8/11
I am in total wait and see mode. All our positions have been paid for. We’ve taken partial profits and paid for our stops. Currently, we have no downside exposure to the board. It’s going to be a trade what … Continue reading
Position Update…General Comments
We got stopped out of the GDXJ on the opening and it’s done nothing but rally all day. Screwed the pooch…redux! If you put your trade in as a “stop close only” you’re still in and looking good. SDS…This ETF … Continue reading
A.M. Look 9/7/11
The way the board is setting up today from the overnight action there should be plenty of everything today in the equity indices. Meaning I think they’ll try them up and down from here, 10 points both ways, with lots … Continue reading