Many of you shorted the 30 Yr. right in here. 119.02-14 in the futures. TBT trades were purchased anywhere from 37.75-38.25. The TBT stop we will use is a 37.80 stop close only. The spreads are running the show…short equities/long … Continue reading
Yen Crosses…USD/JPY Posted on 04/07/2011 at 10:53 AM The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to … Continue reading
Sometimes the best course of action is to watch. Our Bond trade is working, the stocks are a brutally hard trade with the Nasd continually failing at the 2350 level.In general all the commodities are very pricey. The one point … Continue reading
Let’s be patient and wait this out for a while.. The Bonds have to close below 119.22 on the 30 yr. and the Nasd and QQQ need to confirm the up with the closes mentioned this a.m. In short the … 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
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
JJG..45.90-42.50 this is the level for long term traders to scale in. GE….16 AAPL…272-254 SLB…74 ish give or take REE…this should have a bounce from 9.50 TBT…34.25-80 is the first good buy zone for longer time horizon traders. TLT…96.25 is … Continue reading
Take off 50% of both positions @ the market… Time to cash out for the long weekend.
11207 is a 50% re trace of the past 4 years also matching a fib from the 1987 crash. Needless to say I think it’s a significant zone. We are looking to sell the SPU @ 1349 (H) ( Buy the … Continue reading