30 Year Bonds, Which Way Forward?

by Ethan on September 18, 2014

Scottish Poll Results #ScotlandDecides will be available tomorrow. The GBP condor trade idea can now be closed for +50% collection of profit in just two day. If you followed it, please close the trade and book your profits.

Now over to the the 30 Year bonds.

The 30 Years Bonds futures are trading at 136.06 (as of this writing), testing an important support level at 135 which has been very well respected as both support and resistance multiple times since 2010 very obvious if you look at the attached weekly chart.

Bonds, Which way Forward?

Right now, I am bearish bonds. There are 2 reasons for my bias:

  1. One, recent weeks’ price action has been very weak
  2. Two, I am not seeing strong commitment from bulls even though price is testing a strong level.

Should price close below 135 at the end of the week, I would look for a setup to go short and update to IFO subscribers. NO action, unless price confirms.

If you are not an IFO member and would like to join our Income via Future Options Newsletter, pls sign-up here.



Scottish Referendum – Opportunities for Options Traders

September 16, 2014

Scotland’s independence will be determined by Scottish Referendum poll results on 19th.  Polling stations in Scotland will be open from 7am until 10pm on Thursday 18 September for the public to cast their vote on independence. A key question before determining any trading opportunity is when will Scottish referendum result be announced? According to The [...]

Read the full article →

Emerson Electric (EMR) – A Bearish Trade

September 15, 2014

Emerson Electric Co. (EMR) is a diversified global technology company. The Company is engaged in designing and supplying products and technology, and delivering engineering services and solutions in a range of industrial, commercial and consumer markets globally. The Company operates in five business segments: Process Management, Industrial Automation, Network Power, Commercial and Residential Solutions, and [...]

Read the full article →

Tesla Motors Double Top or New Break Out?

August 18, 2014

Tesla Motors (TSLA) just hit another all time high and then quickly slipped below the previous 52 wks high. Points from such extremes are of importance. Is TSLA going to make a new high or making a double top? From technical charting perspective, there can be both bullish as well as bearish case. However, as [...]

Read the full article →

How To Trade Wheat Futures Going Forward?

August 6, 2014

Wheat futures are trying to recover from its 3 month fall. For the past 2-3 weeks, the buyers have defended the 520 level valiantly and 520 has become the low of Wheat’s 3 month fall. Buyers have also succeeded in pushing prices higher. (wheat now at 557, up 30+ points from 520) Despite the recent [...]

Read the full article →