Equities are grinding higher as we speak, but I am still stalking another bond short.
TLT is potentially stalking at $115 for a “right shoulder.”
I am close to reinitiating a short via TBT TMV.
What are you trading this afternoon?
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Sold the 115 oct straddle. Trading around a long bond position.
Looking to initiate the TBT short as well, with a fairly tight stop loss (around the YTD lows). Is there a particular price point you are eyeballing?
Ha! I went long with TMF at 3:30, on thesis that there will be further weakness in equities and flight to safety. Swing trade only.
My thesis this cycle is stocks and bonds move in unison. Should be interesting. Contrarian play by me.
I’ll be eying up oil and gas stocks tomorrow.