Lock & Reload
12:14pm EDT: We’re painting what looks like a 4th to me right now. I just reloaded a little – and will again as long as we push higher in the ‘reload zone’ marked below:
Target is the 872 mark at which I would probably cash out 1/2 of my positions.
12:36pm EDT: I’m not sure if you guys looked at the TNX today in all the excitement:
They literally have EVERYTHING MUST GO! signs plastered over on Wall Street today. 10-year yields are touching 3.3% while equities are tanking. Once again bond traders are calling Curly’s bluff – so what’s left? Start running those Heidelberg printers? Then we’re all screwed of course and you can kiss the ole’ buck goodbye.
UPDATE 1:49pm EDT: Careful now – we might be painting a double bottom here. Zero subscribers – take a look at what I just drew on the chart.
I just took nice profits on the 2nd round of puts I bought a bit over an hour ago and will wait for a larger consolidation should we (hopefully) get one.