I am going to add to my short position on the long bond on a move by the TLT's below $96. This would seem to correspond via the TBT to a move thru $62. This would be my trigger to add a 2nd unit long of TBT.
Don't get fooled by a suckers rally today. The consumer is not well no matter what they tell you on CNBC and if you don't believe me, just take a look around yourself. I trust you will see it for yourself. I am adjusting my stop on my existing TBT position to $97.66
I was stopped out of my FDX position at $91.05 for a loss of over 4pts on 1 unit short.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Ultrashort Lehman 20yr treasury ticker TBT @ $61.70 stop at TLT $97.66
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $126.36
Short 2 units of Apple ticker AAPL @ $178.05 stop at $177.76
Short 2 units Salesforce.com ticker CRM @ $56.05 stop at $60.62