Thursday, November 4, 2010

Long End of the Bonds-Long Trades

Yesterday we saw the long end of the bonds  crushed as the Fed's buying is targeting shorter bonds.

There are several plays out there you can try, but one is looking like it's very close to a breakout after yesterdays excellent gains.

Tuesday night I showed you the daily distribution in these bonds, their inverse counterparts though are showing nice accumulation after a little breather today. TMV is one that looks close to breaking out of a base. Take a look.

 After yesterday's big move up, toward the end of the day a negative divergence produced a consolidation. It looks like accumulation is coming back in and the consolidation may have been a very short one.

 Here's the daily 3C chart showing a very positive divergence into a successful test of support and now a positive leading divergence.

The daily chart looks beautiful and the recent volume is suggesting it's getting ready to definitively break through resistance moving into stage 2 mark up.

I like this trade A LOT.

10 comments:

Anonymous said...

You are SOOO full of it BRANDT! After the MAY sell off, you have been telling us that this is the MAJOR SELL OFF, like we have never see before.

The market has been going SIDEWAYS and UP since the sell off in MAY. And now the SPY is back UP to (121), almost (122). This is HIGHER than what it was in MAY ,(BEFORE) the MAY sell off. BIG SELL OFF, right???????

SELL OFF like NOTHING we have never seen before? RIGHT?! UNBELIEVABLE Brandt!!

Now YOU want TRY and SPIN it like you have (NOT) not been saying that! Unbelievable!!!

Brandt said...

Where is the spin, I'm simply posting a trade that looks really good.

Mislav said...

I really don't understand one thing - why do you guys keep paying for the sevice if you are so dissatisfied???

Alesund said...

Brandt,

We have major economic data tomorrow morning. It would be useful to know what 3C is showing about tomorrow (maybe 5 min.?) before the close today so that we can get in position.

Thanks...A

Anonymous said...

What makes me mad now is that BRANDT, DOES not want to ADMIT that he has been saying (BIG SELL OFF) all this time.

Brandt has been telling us to accumulate ***(SHORTS)*** not (LONGS)!

Because I have LOST money because BRANDT has been tell us...and BASED on **(BRANDT BIGGEST SELL OFF)*** coming theory!!!! Brandt has been telling us to accumulate ***(SHORTS)*** not (LONGS)!

I am I lying? Has Brandt not been saying since JUNE 2010 that this is the BIG SELL OFF? And to accumulate (SHORTS)! Don't blame ME, when that is what Brandt has been saying.

What makes me MAD now is that HE BRANDT, does NOT want to ADMIT that he has been saying (BIG SELL OFF).

Alesund said...

Anon,

$50 a month is a lot and everyone here has the right to expect a lot.

dvgweb said...

What is to be done about FAZ? It's down over 5 percent today

Anonymous said...

FAZ, another one that I will be stopped out on today if the market holds. UGH!!!!

Anonymous said...

Agreed that the calls have been terrible since I first subscribed. Just awful. There is nothing more to say. I will be cancelling my service shortly and chalking it up to a bad experience. Wolf On Wall Street indeed!

meeeee said...

Yes me too. I have FAZ too!!! Which is why a lot of people are worried about this SHORT thing Brandt has been telling us to accumulate.