10 year note found some support around the 116 level and rallied sharply topping out at around 118. Luckily was able to catch most of the move. Few days later, the note sold off sharply back into to 116′015 due to the rally in equities. It’s been awhile since treasuries have been this volatile. Either way it makes for great trading.
Check out the Treasury Auction Schedule coming up:
70 day CMBs, $30 billion 07/25
13 week Bills $32 billion 07/27
26 week Bills, $31 billion 07/27
52 week Bills, $27 billion 07/28
2 year Notes, $42 billion 07/28
5 year Notes, $39 billion 07/29
7 year Notes, $28 billion 07/30
19 year, 6 month TIPS, $6 billion 07/27
Total = $235,000,000,000 Billion Dollars worth of Securities. In ONE WEEK!!
E-Mini S&P once again takes out the highs and keeps on going leaving bears covering their rears to avoid getting raped by bulls again. Earnings season is almost over with most major stocks having reported. As much as I’d like to call it tops here, I can still see a tiny bit of upside. Look for the /ES to possibly trade higher on Sunday then possible selling off on the open on Monday.
This was one crazy week in all markets. To recap Monday morning we had ramp job in Crude due to a Short Squeeze. Apparently a “Rouge Trader” was short 9000 QM Futures contracts lol. It was an obvious short squeeze because at the time crude was ripping, currencies were just sitting there [...]
Triangles in EUR/USD and GBP/USD are still intact somewhat. Both are still within the larger Rising Wedges *Yellow dashes. Every break above 1.4230 was sold into every time though managed to get above 1.4250 (which is a pretty good resistance level) multiple times. Cable (GBP/USD) is up against stiffer resistance and looks to want to [...]
Trading in the market today you better watch where you go.
There’s money in the market today but where you’ll never know.
For every trader who thought he was hot, todays he’s ruined and he’s clearly not!
Cause today’s the day the market bears had their pic–nic…
I’m sure a lot of people felt like this the past week.
I’ve [...]
This was one crazy week in all markets. To recap Monday morning we had ramp job in Crude due to a Short Squeeze. Apparently a “Rouge Trader” was short 9000 QM Futures contracts lol. It was an obvious short squeeze because at the time crude was ripping, currencies were just sitting there [...]
