yo surf ta says buy ym 800-812 and then reverse short 895-920 for a touch of 650-675 in the next 2 weeks stops are 50 points on each position You got a target on hlf ?
Thanks for the TA--- I'm on the beach and away from the charts, but I'll have a look when I return. Target is 20 on HLF. peace. Surf
Money moving (relatively speaking) out of junk bonds and into investment grade bonds. Flight to quality within the bond market. Look at the JNK / BND ratio for instance. Nice drop over the last week, while the stock market was climbing to new highs. Why, if everything is as good as it looks? Or is there something the bond market is telling us?
That's a "risk-off" trade...opposite of the current trend...so yes, it's saying: "Warning Will Robinson, Danger, Danger...."
Folks, this is a buying opportunity. Bought 10 additional YM at 13846 for short term with 100 pt stop.
Bought after dip to short term support with stop well below support level - surf, you are not looking at charts, are you? (Don't get me wrong. This is not the way I trade - however, it would be a classic 'TA trade'...)
For TA guys/gals, not a clever move, but for Surf, well whatever... Won't explain as Surf don't care about TA.