Wednesday, December 17, 2008

Ten Year notes

There is a sale in the ten year notes at 128'10 with a 1'10 stop.  Another shorter term trade should develop with a further rally to 128'14 with about a 10 tick stop.  Now is not the time to cut the puts we bought earlier.


There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results