Surf's Special Situation Journal

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Quote from sculptor66:

However, there a some slight warning signs...

Hint: Look at junk vs. investment grade bonds.

Maybe it means nothing, but...

Hey man, can you please provide some color on this observation?

Peace, surf
 
yo surf

ta says buy ym 800-812 and then reverse short 895-920
for a touch of 650-675 in the next 2 weeks
stops are 50 points on each position



You got a target on hlf ?
 
Quote from volente_00:

yo surf

ta says buy ym 800-812 and then reverse short 895-920
for a touch of 650-675 in the next 2 weeks
stops are 50 points on each position



You got a target on hlf ?

Thanks for the TA--- I'm on the beach and away from the charts, but I'll have a look when I return. Target is 20 on HLF. peace. Surf
 
Quote from marketsurfer:

Hey man, can you please provide some color on this observation?

Peace, surf

Money moving (relatively speaking) out of junk bonds and into investment grade bonds. Flight to quality within the bond market.

Look at the JNK / BND ratio for instance. Nice drop over the last week, while the stock market was climbing to new highs.

Why, if everything is as good as it looks? Or is there something the bond market is telling us?
 
Quote from sculptor66:

Why, if everything is as good as it looks? Or is there something the bond market is telling us?
That's a "risk-off" trade...opposite of the current trend...so yes, it's saying:
"Warning Will Robinson, Danger, Danger...."
 
Quote from marketsurfer:

Folks, this is a buying opportunity. Bought 10 additional YM at 13846 for short term with 100 pt stop.

Bought after dip to short term support with stop well below support level - surf, you are not looking at charts, are you? :D

(Don't get me wrong. This is not the way I trade - however, it would be a classic 'TA trade'...)
 
Quote from marketsurfer:

Folks, this is a buying opportunity. Bought 10 additional YM at 13846 for short term with 100 pt stop.

For TA guys/gals, not a clever move, but for Surf, well whatever...
Won't explain as Surf don't care about TA.
 
Quote from themickey:

For TA guys/gals, not a clever move, but for Surf, well whatever...
Won't explain as Surf don't care about TA.


Agreed. Looks it's ready to shave off 800+ pts
 
Quote from marketsurfer:

Folks, this is a buying opportunity. Bought 10 additional YM at 13846 for short term with 100 pt stop.

What was wrong with 812 that TA said to buy ?

:confused:
 
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