Out of bonds w/small profit- Was Too early

Last week i posted this in which i laid out the case for shorting the 30YR. I closed this position this morning as i think i am too early.

The daily and 240’s both show we could go higher to roughly 137-17 and with small POMO’s this week and Ukraine only getting worse i would sleep better not holding it just yet.

I still think it’s a great trade but will wait until ~137 for better price as i think a retest of this support is highly likely.

Closed @ 135-19 for a 15bps small profit.


Cant say that Paul Tudor Jones’ comments at the Sohn conference didnt have anything to do with it either..



The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

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