Friday, April 1, 2011

The Long Bond - TLT

We seem to be at a very interesting juncture on the long bond, which I like to watch via the TLT (chart below), as we sit on a up sloping trend line from the lows made in early February of this year.

No one or in the least very, very few like the long bond. Therefore I am prepared to do the tough trade and punt 1 unit long here of TLT at $91.53 with a tight stop.

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 @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
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 @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Long 1 unit ishares 20yr bond ticker TLT @ $91.63 stop @ $90.89
Short 1 unit Freeport McMoran ticker FCX @ $56.40 stop @ $56.31
Short 1 unit Darden ticker DRI @ $49.51 stop @ $60.11

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