Wednesday, February 10, 2010

Adding some TLT

The long bond etf, ticker TLT (daily view above).

Based on this chart I am comfortable front running, (sorry, that's what Goldman does) rather, not waiting for the break out at $92.50 and getting long a 2nd unit of TLT here at $91.45

Just so you don't think I operate in a bubble shut off from reality, I fully realize that at a recent conference in Moscow, Nassim Taleb (of Black Swan fame) recommended

"Due to the policies of the Obama administration and Fed Chair Ben Bernanke, “every single human being” should bet U.S. Treasury bonds will decline."

So yes, I am fading Mr. Taleb's call.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Long 2 units Barclays 20yr bond ticker TLT @ $91.40 stop $89.33

Short 1 unit Daimler ticker DAI @ $52.23 stop @ $52.23
Short 1 unit CurrncyShr Aus Dlr ticker FXA @ $89.65 stop @ $91.71


Kiko said...

Did you watch the whole video? it's about an hour long but very good. I've been mulling over Hugh Hendry's comments all day.

Harleydog said...


yes did catch it, Hendry as usual holds no punches.