I have been wanting to take a crack at shorting long term treasuries for a while. TLT has been in bear territory below its long term moving averages for a while and it is now close enough to its 50 DMA that I am comfortable taking an entry position into TBT.
TBT is very [...]
Today my TBT position got stopped out at $46.40 and my long position in MOT was also stopped out. I’m now left only with my longer term trend trade in UDN and a small long position in SAY.
Speaking of UDN, today was the first down day since September 3. I’ll be holding my position using [...]
TLT hitting major resistance. TBT looks like a good long right here to me.
Today was definitely a game changer. With the breakdown of support on the QQQQs being taken out, I am now net short. This was the signal I have been waiting for to switch to the short side. I had already started taking action last week when I purged my junk long portfolio, but I didn’t [...]
I will start by saying today was a great day. After the rough day yesterday, I got almost all of it back today. Even better, I think I added some good inventory today. I will get to the daily analysis in a minute.
One thing some of my readers have learned but many do not know [...]
The drop in long term treasuries is very significant. TLT is right at support and RSI is at 25. It should bounce here and I have moved my stop up on my long TBT position just below today’s low in response to this possibility. I also trimmed my TBT position back to its original position [...]
If this chart were a stock, how would you play it for a short term trade (looking days or a couple of weeks out)? It is certainly at an action point. It has not touched support since December, and it seems worth a shot at playing a support bounce with a tight stop. On the [...]
The market is right at an inflection point. 880 was tested today and held. Coming into the day short, obviously I was disappointed when the GDP number disappointed and the market still held up. I then thought that the market might fade after the initial pop but it held.
I did add long positions in [...]
The market is definitely in consolidation mode right at major resistance. The end result will be a big move up or down. If the major indexes do breakout over resistance, it will likely cost me my April profits. I have asked myself the question whether taking such a strong position is worth it here? I [...]
It might be time to warm up TBT very soon. TLT looks like it is poised to breakdown under $100. Is this a reduction in fear and the flow of risk free capital into riskier assets like stocks (bullish)? Or is this a response to the oversupply of treasuries weighing on the price (bearish)? Or [...]