Lots of news this week, wow. Besides fundamentals and what everyone thinks, we might have a trade setting up that is very... unusual? The narrative has switched very quickly from bull market to fear. Interest rates are surprising everyone (not me, I've been long rates and short indexes this week) ; although, ratios are lining up for a favorable r/r in TLT.
TLT has long been a safe haven trade, if we get a safe haven type event here soon, owning spreads on these with 2-3% upside in the coming weeks is paying off multiple 100s of %.
Taking a stab here, have spreads exp next week friday.
I've closed some of my short spreads on QQQ's and DOW, this is a small insurance play to protect the other half of the trades and to give myself exposure to potential upside.
Ratio to tech and indexes right now show bullish signs, but no confirmation yet.
You've all seen the chart overlay of stocks compared to bonds, this could be an event that triggers a short term price reversal, even though the news may not present itself as an event for bonds.
TLT has long been a safe haven trade, if we get a safe haven type event here soon, owning spreads on these with 2-3% upside in the coming weeks is paying off multiple 100s of %.
Taking a stab here, have spreads exp next week friday.
I've closed some of my short spreads on QQQ's and DOW, this is a small insurance play to protect the other half of the trades and to give myself exposure to potential upside.
Ratio to tech and indexes right now show bullish signs, but no confirmation yet.
You've all seen the chart overlay of stocks compared to bonds, this could be an event that triggers a short term price reversal, even though the news may not present itself as an event for bonds.