Big moves on low volume often correct. If you're short you will probably take some heat tonight. Nice set up for a long scalp.
Let's keep this civil, it continues to be a great thread. I have nothing to hide or prove to anybody but my own P&L. I post bad trades as well as the good ones. good trading! el surdo
The massacre continues 118-020 LOD AH, 118-095 LAST. That's almost a 3 buck range for today. Last $3 range day for ZBs: Jan 23rd.
I took off my long term short for the 30yr and transfered it over to the 10yr note. I think in terms of value, being short the 10yr instead of the 30yr will definately be more profitible. Although on a nice break in the stock market, if we can get one, I will short the 30yr in the mid 119's if we can get there. I would short them right now, but I think there is a chance that we can see the mid 119's by today or tomarrow. If they start to fall apart, at least I got the 10yrs on . GL to you bondoids!
shorted 119.01 sat in the fu$ker for 45 mins till it came off just to get scratch for the day! Time to sell rallies? If spooz hold up that is!
More downside to go tomorrow guys! Had a nice retest at the 118.21 in the 10yr (which was major support in the market not too long ago). A break below 118.05 sets us up for another round of heavy selling. Im short a few at 118.14 Profit target is around 117.27 Good Trading Guys