|
We were stopped out of our bond trade today by 1/32 of a point for a tiny loss. I still like the bonds though and if you can re-enter at 175 on the 30 yr note I think you will be rewarded. Sometimes it helps to bring clarity to a chart by looking at a weekly chart instead of a daily chart. The spike in price today was capped at the 10 week moving average. The spike also gave us a weekly swing low during a time when price is at the most oversold level of the year.  So I think price became short term overbought today and needs a few more days to allow the 10 day moving average to turn higher.  If you lost your position today I would encourage you to try again.
Comments
|
This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
April 2021
|
RSS Feed
