AheadoftheNews.com

Market analysis and futures trades.

PM update:
I have a rule: if INTC is getting a heavy bid by noon and holds it, do not short the market. What a day. TNX climbs to 52.38 and the markets barely blink. If you are constantly shorting this beast, you are getting hurt. Shorting is a trade, not an investment, when you are in a bull like this.

This entry was posted on Tuesday, June 12, 2007 at 6/12/2007 01:49:00 PM. You can skip to the end and leave a response.

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6/12/07 2:05 PM

Looks like TNX is grossly over-extended    



6/12/07 2:14 PM

Yes, absolutely. I was hoping for 52.50 in order to load up on ZN (ten year bonds) but they never gave me that.    



6/12/07 4:03 PM

There is your 5.25, .26, and .27. It's great to see all the big market manipulating institutional traders having to buy at all costs to prevent massive options losses. The lengths they are going to in order to prevent a sell off so close to op ex is comical - especially since they are losing the battle! If the rate keeps pressing higher, and these turds keep fending a sell off to prevent hemorrage at op ex, they will undoubtedly take a bloodbath when they have to sell those accumulated positions amidst possibly even higher rates, lower prices, as well as having to sell along with all the other bagholding hedge/institutional market manipulators at the same time! Keep an eye on those ABX Indices marc.....next monday may be one of those days the computers "mysteriously" lose track of a downward market.

thanks for all that you do....    



6/12/07 4:25 PM

Yes, sure glad I am only daytrading this crap, per my other rule: don't get married during OpEx... But trading sure got fun at the close. Anyway, I got my 52.50 and nibbling at some ZN long, 104'020. Keep stops tight. JPY is a bid overnight and a good hedge as well.    



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