30 Yr T-Bond (weekly info)
WEEKLY REVERSAL new high 121.906
trend=no
direction=up (1 bar)
high= 121.906
rev= 117.938; mid= 119.922
The strength of last weeks reversal is wearing off fast. I guess holding the long bond is not the preferred option. If the large bond holders feel that higher yields are in order to hold US debt then expect this move down to continue.
NFLX (weekly info)
WEEKLY REVERSAL new low 212.43
trend=no
direction=down (1 bar)
low= 212.43
rev= 234.71; mid= 223.57
These are not the streaming movies you are looking for. Has a glitch appeared in the matrix? Is the glitch Amazon? When will Netflix have to pay for infrastructure? I'm old enough to remember running to the video store to get the new rentals. How time flies.
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212 comments:
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Rising gas prices force consumers to cut back
...Ze stories, she has already started...3 weeks? What will she say in another couple of months?
Brenda Jones, 53, has opted out of an evening college course that she hoped would aid her in her nonprofit business. But the class cost $3,200 and was far from her home in Southampton, N.J.
"I am afraid to spend that much money right now," Jones said. "Plus, it's a one hour drive so the gas expense alone was a big deterrent."
...Lefty! Soon it will be too expensive to date!
...Gotta good book?
"When it comes down to putting gas in your car, food on the table and paying rent, it's about making choices," says Andrews, who commutes 70 miles a day to his job as an athletic trainer.
...CV! Is that you baby? What about your Moped?
A disappointing jobs number might send us back to 1313. But with the liquidity fire-hose in operation, it would surely be JBTFD.
We have to keep the hedge on our bonds, b/c we have so much fixed income. A blowout jobs number tomorrow on an unprotected portfolio would otherwise have us retching into the shrubbery...
Oddly enough a really HUGE blowout (+500k) would be the end of the bull market within weeks, via a sharp increase in yields. Doubt it will happen.
The fact that we didn't have a ramp into the close means those shorts might just be getting ramped tomorrow.
If we had seen a late screamer I would have closed my long.
later everyone.. just glad it isn't friday.. the suspense would kill me..
what shorts?
short interest is the lowest it has been in years
GS was a net seller of ES today, that who you talking about?
Corner will be late today. Just continue the fun here until then. You know..THE FUN.
And now the end is near
And so I face the final melt up
My friend I'll say it clear
I'll state my case - the bears are washed up
I've lived a life that's full
I shorted each and every asset
And more, much more than this
I did it my way
Bonds, I've had a few
But then again too few to mention
I did what I had to do
And saw it through without much hedging
I planned each chart and trade
Each careful step along the meldown
And more, much more than this
I did it my way
Yes there were times I'm sure you knew
When I bit off more bull than I could chew
But through it all when there was doubt
I ate it up and spit it out, I faced it all
And I stood tall and did it my way
...dern purty, Lefty..
time to go run...nothing better than gasping for air around lap 12 or so...
a better tomorrow! later.
The Bond Report 3.3.11
Today was a risk-on day and even the numbers were eerily similar to yesterday. So, whatever we said yesterday, we say it again, bond bitchez.
Corpies: LQD -0.43%; AGG -0.35%; JNK 0.50%; HYG 0.36%
Govies: TLT -0.98%; IEI -0.56%; TIP -0.27%
Munis: IQI 0.17%; MUB 0.11%
Mortgages: MBB -0.36%
Specialty: ZROZ -1.92%; TBT 1.95%; EMB 0.00%
We remain hedged 15%, long F/I 29%, ahead of tomorrow's NFP just in case there was an absolute screamingly hot number. There won't be. Consensus is 180k, we'll take 145k or thereabouts. Expect yields to come in a bit maybe into the weekend and then rise again into next week's auctions.
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