Shaken, Not Stirred
Shaken, Not Stirred
As you may have guessed I have a special ‘bond’ edition on my mind this evening.
I’ll make this a free-for-all as I only have one chart – leeches everywhere rejoice! Specifically the 30-year treasury futures, which in my not so humble opinion are painting one superb opportunity to get positioned. Look at the daily panel, we had a blast outside both BBs, just the way I like it. Then I was waiting for some type of sign that the up trend may be due for a correction. This was delivered in the form of four consecutive lower closes, just as prescribed by Dr. Mole. It dropped right into a new NLSL and then painted a reflex bounce – not so fast, grasshopper!
This is what I’m suggesting: Watch the hourly panel for a close below the 140.78 NLSL – if that one gives then odds are we’re closing below the daily on Thursday. Either way – great demarcation line to get positioned – in both directions. If you’re going long and are getting stopped out then take the inverse trade. The most lucrative scenario would be a continuation downward as a breach of the 140.87 NLSL may be good all the way to 135’17.
Have fun and keep it frosty!
Cheers,
