hey all,
Today's trade is as much about being long bonds as it is about being short stocks. The market has rallied off its recent lows on hopes of an economic boost from either Bernanke or Obama (take your pic). The charts seem to indicate that bottom ought to be tested once again. Here then is the 15 min chart charts for the TLT and the Sept 114 calls. As well, I have included a call out of the 5 min TLT chart to see the potential bull flag formation. I bought on the heavy volume breakout highlighted on the 5 min chart.
That's all for this post,
Brian Beamish FCSI
The Canadian Rational Investor
the_rational_investor@yahoo.com
the-rational-investor.com
All appropriate disclaimers apply, DO NOT risk capital in options trading that you cannot afford to lose.
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