Friday, May 2, 2008

Update

Had internet problems at home and so the blog is a few days late for posting.

We had the feds drop rates once again. No shock. What we are looking at now is bonds to start imploding. I am trying to get a long calendar put on TLT. (this is not advise this is for educational purposes).

Still long natural resouces with the expectation that the trend will continue up in the next week or so. We got the correction we were looking for. I just wished oil had come down more. That one has me concerned that it will still drop.

The volatility should continue. It usually does in environments such as these, but that is good for selling strategies.

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