Wade Assurance
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • About
  • Disclaimer
  • Subscribe

Bonds Still Tradeable

10/15/2020

Comments

 
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.  
Picture
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.  
Picture
​If you lost your position today I would encourage you to try again.
Comments
comments powered by Disqus

    This Page

    The 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
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    December 2017
    November 2017
    October 2017

    RSS Feed

Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
CONTACT US
Steve Wade
swade@wadeassurance.com
​
Tyler Wade
​twade@wadeassurance.com
Picture
270-234-6074
  • Home
  • Speculation
  • The Pit
  • Resources
    • Futures Contract Specs
    • Tools
    • Terminology
    • Past Trade Performance
    • About
  • Disclaimer
  • Subscribe