Thank you sir. You're a smart and handsome man.
Pabst's Blue Ribbon Trades
- Thread starter Pa(b)st Prime
- Start date
Thank you sir. You're a smart and handsome man.
pabst any thoughts on treasuries here?
Im short 10yr at 117.01
Im short 10yr at 117.01
pabst
Any thoughts on treasuries here?
Im currently short 10yr at 117.01
I think we have put in at least a short term top in the treasury market but thought I would ask advice from a pro.
YT
Any thoughts on treasuries here?
Im currently short 10yr at 117.01
I think we have put in at least a short term top in the treasury market but thought I would ask advice from a pro.
YT
Hey Iowa! As posted I'm long 120-117 Mch ZB put spreads and ridiculously bought too many Mch 116p's during the run up Friday. I could have scratched them earlier today when futures were on the lows but I thought Bonds could trade off another quarter point further on the day. Didn't happen even though SPX was firm all afternoon. It's reminding me of early Sept when I got clipped for size selling Bonds. Same story market wise. Stocks reject the lows hard on a non-rsm (regularly scheduled meeting 
) rate cut and Bonds reluctantly make a token reaction lower. Then the Fed comes with more good news (I expect the Index aftermath of to-morrow to be more like Sept than Oct or Dec) and both stocks and Treasuries pop.
What's different? Part of it's certainly technical. Bonds have been here before only to tank miserably. Perhaps 4% in 30yr yield is the floor forever. Corn's version of a $1.90. OTOH, what if equities make an immediate leg lower to-morrow and retest last weeks lows? Treasuries will explode. I'm flat stocks and ST/IT a tad bullish but very open to any possibility. My take: The market finally caught up to the slower economy. We over shot to the downside. It's a matter of further bad news catching up with the price action. The liquidity also helps. Stocks could be in a range for months.
) rate cut and Bonds reluctantly make a token reaction lower. Then the Fed comes with more good news (I expect the Index aftermath of to-morrow to be more like Sept than Oct or Dec) and both stocks and Treasuries pop. What's different? Part of it's certainly technical. Bonds have been here before only to tank miserably. Perhaps 4% in 30yr yield is the floor forever. Corn's version of a $1.90. OTOH, what if equities make an immediate leg lower to-morrow and retest last weeks lows? Treasuries will explode. I'm flat stocks and ST/IT a tad bullish but very open to any possibility. My take: The market finally caught up to the slower economy. We over shot to the downside. It's a matter of further bad news catching up with the price action. The liquidity also helps. Stocks could be in a range for months.
my take is a 'sell the news day' for stocks
Thanks pabst
Im still short 10yr (starting to wonder why though) and look to take money at 115.05
YT
Im still short 10yr (starting to wonder why though) and look to take money at 115.05
YT
That's a pretty weak reaction for stocks. I've dumped all my trading longs, and bought some puts to hedge my investment positions. I don't have enough conviction either way to trade size, so I'm just playing defense now and waiting for the market action to develop some more before making another move.
I'm buying ES the moment trading resumes.
P.S. Not as a fade. I have support here.
Interesting pabst and unexpected im sure from most.
Are you buying for a quick bounce or do you honestly think we are going substantially higher from here?
Thanks
YT
Are you buying for a quick bounce or do you honestly think we are going substantially higher from here?
Thanks
YT