Friday, December 27, 2013
Thursday, December 26, 2013
10 yr rates have followed last week's breakout with more gains this week. While I have been a broken record, the next 30 days should be one of bizarre and volatile moves in the bond and stock markets. Yields breaking out of a 5 yr down trend along with stocks pushing against resistance should be enough to get the correction no one thinks will ever come.
|10 yr Treasury Yields Weekly Chart|
|5 yr Weekly S&P E-Mini Futures|
|60 min closeup|
Friday, December 20, 2013
Thursday, December 19, 2013
Monday, December 16, 2013
Thursday, December 12, 2013
I closed out my JAN BAC 15 Puts @ $.39. I purchased them a few weeks ago @ .25. I still love BAC as a longer term short at these levels but I believe there could be some shorter term upside. I think the big money will be made in the 1st or 2nd quarters of 2014 and I am looking at credit spreads going out several months. I think this is a better way of playing a swift move lower than an outright short or long put trade.