I'm going to be using a move above $109 in TLT to close out my position. Otherwise, I am targeting a move down to retest recent lows around $102. I may pick up TBT if TLT retests the high $108 level.
screw this. closing out the TLT / TBT. There's a real possibility here that the market is testing the prior top and will be topping out. If that happens then you're right 2nd, bonds would do well. Too difficult to tell what the right move is...
Puerto Rico bond yields have lowered and spreads have come in quite a bit over the last two weeks. AAA rates are likely to decline another 10-15bps in 10+ years before a pause for a week or so. This week, we found it useful to examine the developments of the different Chapter 9 bankruptcy proceedings.
I'm going to be using a move above $109 in TLT to close out my position. Otherwise, I am targeting a move down to retest recent lows around $102. I may pick up TBT if TLT retests the high $108 level.
ReplyDeletelistening to the NQ conf call...and watching the MW tweets...classic:
ReplyDeletehttps://twitter.com/muddywatersre
hahahaha:
ReplyDeletehttps://twitter.com/muddywatersre/status/314365766394847232/photo/1
They got a lot of credibility for their work on Sino-Forest.
DeletePeople will listen to them, right or wrong
Muddy Waters - " A smart money investor said to me "India makes China look like Switzerland". Very tough trading that market though."
DeletePOT - Not so hot....
ReplyDeleteNQ - Not much volume.....
ReplyDeleteit's halted.
DeleteGimme a heads up when it resumes trading.
DeleteLong TBT at $72.1
ReplyDeletescrew this. closing out the TLT / TBT. There's a real possibility here that the market is testing the prior top and will be topping out. If that happens then you're right 2nd, bonds would do well. Too difficult to tell what the right move is...
DeleteI always have to remind myself: 'I don't need to do ---- today unless/until a good pitch emerges.'
DeleteOUTR - Now that's some price trading action.....
ReplyDeleteCCL - Kinda looks like we've got a date with the recent gap up.
ReplyDeleteIt's a freakin' dead market. And don't nobody want to short no dull market.
ReplyDeletePOT - Nearly an up day on not so good news.... When/where's the downside?
ReplyDeleteRobot flipped short two days ago at 1746
ReplyDeleteRemind me who/what this 'robot' is.
DeleteJust a link I follow, so far it's up 15% this year.
DeleteI'm an addict. Re-shorted TLT at $108.23 and long TBT at $72.13
ReplyDeleteAren't we all.
DeleteI'm kind of hoping for a retest of 105 and change.
DeleteNUGT -- Gold Spike???
ReplyDeleteGood question.....!
Delete"Bubbles" everywhere, LOL.....
ReplyDeletePuerto Rico bond yields have lowered and spreads have come in quite a bit over the last two weeks. AAA rates are likely to decline another 10-15bps in 10+ years before a pause for a week or so. This week, we found it useful to examine the developments of the different Chapter 9 bankruptcy proceedings.
ReplyDeleteNQ resumes trading, in a range of 10-13. Anyone with an opinion whether this presents a buying opp?
ReplyDeleteOpened 11.30. Closed 11.52.
DeletePCP - $270 PO
ReplyDeleteBA - Lots of backlog for aircraft.
ReplyDeleteNQ opened 10.93, closed 11.08.
ReplyDeleteIt's a Mexican jumping bean!
DeleteJust got back and glad to see 2nd was able to surf the NQ wave successfully!!
ReplyDeleteWholly crap, S1 is 6.38!
DeleteS2 is .20!
Delete