Simple Trend Trades
I’m going to keep it super simple today. Over the past few months we have observed increasing evidence of two medium trend shifts – a swing down on the equities and a push up on the bond side. My simple modus operandi going forward is to wait for short term trend trading opportunities in order to be positioned if/once we finally see acceleration. Yeah, I know – hopefully sometime this year – it’s been painful.
Bonds have been on a strong trajectory higher but have pulled back a little over the past few sessions. From here we either revisit the 100-day SMA or we proceed higher in the near term future. I’m currently long the ZB but will flip for a short position if we drop through 158.
Equities – not as clear as the situation in bonds just. It’s hard to miss that falling diagonal on the spoos however and it’s now touching the 100-day SMA. Which means make or break time. It’s all fun and games until the bulls suddenly find themselves 100 handles lower. I’m cautiously short but do still leave the door open for another FU push higher. Distribution is as distribution does.
Not much else going on this morning but I did dig up two juicy GBP campaigns. Please meet me in the lair:
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