Friday, 17 October 2014

After the storm

I covered three T-Bond Z14 shorts  : one yesterday at 144 as planned, for a 2 figures gain, and two today: one at 142 16/32 ( 3 figures gain ) and the other at 142 14/32 ( 12 ticks loss ). I carry on with 4 T-Bond Z14 shorts . And now off to the Pub !

Thursday, 16 October 2014

Volatility is good for trading

Volatility is good for a intraday trading, vital I'd say. I have my hands full of share,currencies, bond,s stocks and commodities futures , obviously I can't spend a lot of time blogging in these frantic times so I will update only my position on the T-Bond .
Yesterday the beast came down quite nicely at the end of the session with the S&P500 in full recovery and so I covered a short at 143.50 , for a 3.50 figures gain. Good job yesterday but still I need to get the rest of my T-Bond shorts in a more safe position.
Short again today at 146 an 145.5 . One short will be covered at 144 , the other will go with the S&P500. On the upside short again at 147.

Wednesday, 15 October 2014

One T-Bond Z14 short covered at 144 30/32

I covered one T-Bond Z14 short at 144 30/32 , just on target, for a 2 17/32 gain. I am waiting to see if there is any reaction on the stock market and if the S&P500 index can hold on to 1850 , to decide what to do with today's other short. With S&P500 well below 1850 , I will have little choice but to be on the safe side, relatively speaking with all the shorts I have on portfolio !

Panic day: not for the faint-hearted

It is panic day : stocks are collapsing in Europe and there is panic buying on the bonds. I have seen this kind of days in the past and on T-Bond are really epic. So with cold mind, I am short other 2 T-Bonds Z14 at 147.50 and 147 , orders executed on the spike to 148. I desperately need the T-Bond to retrace at least down to 145 , where I am going to sell one , the other will be closed in intraday only if I see no reaction at all in the S&P500 index: here 1850 is the key.

Monday, 13 October 2014

Shorting the T-Bond rally

I am short another T-Bond Z14 at 142 2/32. The rally keeps going on and being on the wrong side of the market it is not easy at all, but again it is not the first time... 
My target for this short is the 141 12-16/32 area , last Thursday and Friday's relative highs. No stop as usual.

Thursday, 9 October 2014

T-Bond Z14 short covered on target at 140 20/32

I covered my last short on T-Bond Z14 on target at 140 20/32, for a 24 ticks gain. The S&P500 is literally collapsing , losing all the ground gained yesterday and that, and still the Bonds are taking a respite. I will short again above today's high.

TREASURIES-Bond yields little changed on profit-taking in wake of Fed minutes
 By Sam Forgione NEW YORK, Oct 9 (Reuters) - U.S. Treasuries yields were little changed on Thursday after traders took profits a day after prices rose on views that the Federal Reserve would keep interest rates lower for longer. The release on Wednesday of the minutes from the Fed's September policy meeting showed that some Fed participants wanted to err on the side of patience in keeping policy accommodative. Long-dated and benchmark yields fell to over one-year lows earlier on Thursday before stabilizing."The guys who were long and bought the market when it was cheap are taking advantage of this rally to sell a little bit," said Richard Gilhooly, an interest rate strategist at TD Securities in New York. He said that traders who had placed short bets against Treasuries on the belief that the Fed would take a more hawkish tone on raising interest rates were sitting on losses and reluctant to place the bets again. "They were wrong, and they're not going to go straight back in and short the market," Gilhooly said. He said the combination of profit-taking and reluctance to bet against Treasuries again kept yields stable in afternoon trading. The U.S. sold $13 billion in 30-year Treasury bonds to mild demand, marking the last round of $61 billion in new supply this week. Overall bidding for the bonds, as measured by the bid-to-cover ratio, was at 2.40, lower than 2.67 in September.  Analysts said the recent rally in long-dated Treasuries prices resulted in tepid demand. Yields on 30-year Treasury bonds hit 3.029 percent, their lowest level since May 2013, earlier on Thursday. "You're effectively buying at the highs, so it discourages some buyers from buying at the auction," said Jonathan Rick, interest rate derivatives strategist at Credit Agricole in New York. Data on the labor market led Treasuries yields to rise from their earlier session lows. The U.S. Labor Department reported that the number of Americans filing new claims for unemployment benefits fell last week to 287,000, close to the lowest level since before the 2007-09 recession.  Benchmark 10-year U.S. Treasury notes >were last down 1/32 in price to yield 2.33 percent. The yield hit a low of 2.279 percent earlier in the session, its lowest level since June 2013. U.S. 30-year Treasury bonds  were last down 5/32 in price to yield 3.07 percent, from a yield of 3.06 percent late Wednesday. Three-year notes were roughly flat in price to yield 0.91 percent, up from a session low yield of 0.867 percent, which was the lowest since Aug. 19. On Wall Street, the benchmark S&P 500 stock index erased the previous session's sharp rally, closing down 2.07 percent.

Chasing up the T-Bond

The T-Bond is having quite a big rally and I am doing the contrarian chasing up, not for the first time I must say!
So out I am with another short at 141 12/32 . As usual no stop here and as target 140 20/32 will do.

Tuesday, 7 October 2014

Short T-Bond Z14 at 140 again

I am short 1 T-Bond Z14 from 140 . The stock indexes are weak and money continues to flow into the Bonds compart. The target for this one, my third short on T-Bond, is again the 138 6/32 area. I actually forgot to update the blog on the last trade that has been closed on Friday where indicated.
No stop.

Thursday, 2 October 2014

Short third T-Bond Z14 at 139.75

With the stock indexes down and the "correction" in , the T-Bond is the ultimate refuge and money is pouring into it. I had a sell order at 140 , but unfortunately I did not get the fill and I had to chase the price down to 139 28/32 to get my short executed. I will closed this one down at 138 16/32. No stop applied .

Update: Short covered at 138 18/32 on Friday , for a 1 10/32 profit.

Friday, 26 September 2014

Short a second T-Bond Z14 at 138

I was looking to short a second T-Bond for long now and today was the day for it: 138 is a good resistance in my opinion. My target for this one is the 136.75 area .