This sucks, my shorts are getting nailed. I would have thought with a neutral or slightly bullish market, I might have cleaned up. It seems like they got a mind of thier own, but I will say, on the next market break, if the bondo gets up into the 120's I will short this thing like there is no tomarrow. P.S. Thanks Youngtrader, I shorted the 10-yr and got killed on that too. Last time I let elite trader effect my trading.
Another thing is that the back end of the curve is being bid up while the 2 and 5 year notes reamain stagnant. Any thoughts on why? Oppurtunity in shorting the fronts?
prefect v shape on charts straight down now straight up as I have said you can not hold positions in these mkts have to trade from a short time perspective i thought it was strong this morning then weak now strong unless you are willing to take a lot heat you have to trade em up and down all day!
You, my friend........ are an A$$HOLE, make your own trading decisions! Youngtrader has been like 3/3 this month, where are your calls?
it seems they shorted the Tsy ahead of the Fannie/Freddie announcement scheduled at 900 EST and then they covered and bought the old news.. ...thanks to the stock indexes downmove, too.
gave back 1/3 of my day in that bull$hit chop around 119.24 to 119.28; 27 to 23.5 on 766 bondos that is some $hit! I am outta here leaving green, good luck gentlemen I have no idea where it is going...