|
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 current trades we are in. The Pit is where we post new trade recommendations. 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 as you may not want your neighbor knowing what you are up to. Archives
October 2020
|
RSS Feed
