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Author: NULL

Bonds, out, etc

I dumped the bond short last night (nominal profit) as it went on an upward tear straight from the open.Perhaps the dow futures dipping under 7000 had everyone running for bonds.(Boy, who saw that coming? 20 whole points lower?...

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5yr stopped out

The 5yr notes got stopped out. I’m in the June contracts for these markets, which have been thinly traded until recently, and the average true ranges I’m basing my stops on might be a little tight.I’ll check...

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Lulled to sleep…

Sugar lulled me to sleep.As I mentioned at the beginning of the week, I saw that it was moving close to breakout levels.Alas, I failed to enter the trade. Sometimes, a market does so little for long enough that it sort of...

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JPY missed

JPY fell quite a lot overnight, and by the time of the regular open, it was well below my short entry. It’s currently at 1.0344, decidedly below the entry point. Of course, I worry that the JPY will suddenly rebound, and...

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Updates…

Contrary to what I said yesterday, Copper isn’t that close.I was looking at a 21 day channel; the 60 day low is ~127, a long way from here. JPY is coming close to a short,...

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On the radar for the week of 12/22

Sell HG (May) 13.64 The 30 yr bond trade is on the radar, like anything else, it’s edging closer to the donchian channel – the 60 day low in this case.Have bonds come down a lot in price? Yes they have. And because...

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Dow…stopped out

That didn’t last long, I got stopped out at the open. In theory, I should be re-entering if it hits the breakout level again. We’ll see.Goslin was fond of pointing out that the index “has a long history of...

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Short the Dow

Went short the dow at about 1:10 PT, meaning, shortly before the regular futures close. The index has made it back to its November lows.When it made these prices back then, the VIX was at 81. Today it’s around 48. Still...

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