Bond rally nearing an end?

[Buy1Sell2]

Quote from gharghur2:

Yes, nice move yesterday to duck this wacky friday.
Good trade!

To be honest though, I am not yet back to breakeven. I bought at 105.13 basis June ZN and my stop is in the high 103's so no cigar yet---

 

[gharghur2]

Quote from Buy1Sell2:

To be honest though, I am not yet back to breakeven. I bought at 105.13 basis June ZN and my stop is in the high 103's so no cigar yet---

In the end I think you'll be fine.

Isn't this mixed signals?
Non-farm payrolls lower than expected, wage inflation higher than expected... panic short covering?

 

[Buy1Sell2]

Quote from gharghur2:

In the end I think you'll be fine.

Isn't this mixed signals?
Non-farm payrolls lower than expected, wage inflation higher than expected... panic short covering?

I would think so. What about you--do you look at news or just trade technicals. I prefer the latter because it reflects the human element.

 

[gharghur2]

Mostly technicals, but pay attention to the reports and the FED just to see how the market reacts to them. But mostly TA.

 

[crab210]

Quote from Surdo:

GhaGhu,

Wasn't that a Rolling Stone's tune?

Maybe he bought them today to lay a real big one on short @ 106 '30!

Look at the Monthly high volume area of 10630-10705 with the highest volume day for the month at 10705 and the weekly high price of 10704.

http://www.chart-ex.com/charts/30_year_tbonds_combo.htm

Definite resistance area

 

[gharghur2]

Nice charts ... thx

 

[Buy1Sell2]

Quote from gharghur2:

Mostly technicals, but pay attention to the reports and the FED just to see how the market reacts to them. But mostly TA.

Yes I think that is the way to go. I agree with you. I actually take it a step further and don't turn on any daily news like the report this morning. I do look at longer term news, but not daily stuff if that makes sense. I don't know what today's report even said. I enjoy your thread and posts here by the way!

 

[gharghur2]

Quote from gharghur2:

In the end I think you'll be fine.

Isn't this mixed signals?
Non-farm payrolls lower than expected, wage inflation higher than expected... panic short covering?

mixed signals ....

Thanks we have fun discussing the FED and Bonds
We've all been bearish

 

[Buy1Sell2]

Quote from gharghur2:

mixed signals ....

Thanks we have fun discussing the FED and Bonds
We've all been bearish

Sorry, I should have said other than what you had posted, I didn't know what the report had said. What I meant was that I didn't know the actual numbers etc.

 

[steveosborne]

This morning's report obviously supports my plan to buy 30 Yr calls next week but I have growing concerns about the falling dollar and the fact that gold did not top at $680.

I have decided to manage uncertainties affecting my trade plan by waiting for additional validation. If the dollar bounces next week or if the 10 Yr auction that expect to be successful reassures me, I will go ahead with my plan.