Tuesday, May 11, 2010

Adding to my Long Bond Trade

I like how the bonds are trading today in particular the long end. We seem to have digested the blow off the other day and have settled above the prior trading area. Note in the equity indices they are struggling to recapture the high tick of Thursday's trading bar. Don't even get me starting on the volume of SPY, DIA, IWM, QQQQ, and MDY !

That said, I am also watching the Euro, for those with limited quotes this can be done via the FXE, which has had the most anemic bounce. If this is all it can bounce with the "shock and awe" I would counsel Weber, Trichet, Merkel, Sarkozy and Co. to keep fresh linen (if you know what I mean) close by.

Based on this (and some other small items..... hint crude) I am prepared to add a 2nd unit long to my TLT position here at $93.38 with a stop on this unit at $90.88

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 @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
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 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $89.68
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @90.88

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