Ten-Year T-Yield Still Trapped In L/T Channel – TLT As Trading Vehicle N/T

posted in: Credit, Derivatives, Economy, Technicals | 0

Once again, 10-year Treasury yields failed at the top end of a long-term channel, although can push higher near term, creating a trading opportunity in TLT. Close, but no cigar! The 10-year rate came very close to breaking out of … Continued

After Last Week’s Buy-Write, Weekly Covered Call On TLT

posted in: Credit, Economy, Technicals | 0

The U.S. sovereign bond market has hit the headlines a lot these days.  Rates have rallied big since September 2017 lows, but from suppressed levels, and are at crucial stage technically.  At least near term, fundamentals do not allow for … Continued

Ten-Year T-Yields Give Out Early Signs Of Fatigue – TLT Buy Write

posted in: Credit, Derivatives, Economy, Technicals | 0

After a big rally in recent months, 10-year Treasury yields are giving out signs of fatigue – at least near term. Interest rates have suddenly become the talk of the town. Ten-year yields rallied from 2.03 percent on September 7 … Continued

Exiting XLE Long — With Small Profit

To say that energy stocks are back in favor will be an exaggeration, but they have perked up of late. Off the January 20th intra-day low, XLE, the SPDR Energy ETF, has rallied north of 16 percent.  That is in … Continued

XLE Weekly Covered Call Post-Buy Write

Oil bulls can take heart.  Maybe. Spot West Texas Intermediate crude ($37.07/barrel) is likely on the verge of a 10/20 (daily moving average) crossover.  The crude has more or less been going sideways/slightly up the past couple of weeks, and … Continued

GLD Weekly Covered Call — Exit At Best, Lower Cost At Worst

Hindsight is always 20/20. The post last Monday hypothetically discussed three ways to play beaten-down GLD, the SPDR Gold ETF: (1) go long at $103.09; (2) short November 27th 102.50 puts for $0.49, which could result in effectively going long … Continued

Taking Loss On EEM Following Last Week’s Buy-Write

posted in: Derivatives, Equities, Technicals | 0

Markets are acting very fidgety.  Emerging ones are no exception. On Monday, off Friday’s intra-day high, VIX, the S&P 500 Volatility Index, dropped 16-percent plus.  Yesterday, at one point it was up 17-percent plus.  TLT, the iShares 20+ Year Treasury … Continued