Bonds Look Ready to Bounce Up. DAG looks good.
Posted on January 27th, 2009 in Long Trade |
My caution radar is signalling that I should be getting nervous. The major indexes closed little higher but on lighter volume. I will watch the market and may go short buying the SDS, DXD and FAZ.
The TLT has fallen $10 in 6 straight days. I am short this buying the TBT entered at $38.99 and have a limit sell at $48. I’m currently up +17% in 6 days. This one has worked like a charm with the volume lighting I ready to sell.Â
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I am in DAG long agriculture. It retraced nicely back down to support at $9.00. I’m looking for this to climb up to $11 first then up to $14.
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