[zdo]

Line Changes:
None

Position Changes:
None. Flat

Order Changes:
Moved Sell stops in to ~10980 to go short net 25% allocated

[zdo]

Line Changes:
Brought Active Green Stay Line down some. See comments below about placement.

Position Changes:
Short net 25% allocated ~10980 Jun

Order Changes:
Placed stop losses at ~ 11210 Jun

Comments:
Haven’t put much work into the original placement of a StayLine ! especially when there in no appropriate recent pivot to start from…

Been blogging and posting about these StayLines for months with no occasion (yet) to actually apply them… patience…

Been ‘discussing’ rates a little bit…
Opinion pieces I ran into
Bonds Nowhere To Go But Down | Sol Palha | Safehaven.com

&

If is wasn't so important, I wouldn't mention it a second time. But it is very important, and could be a "game changer" if we break above this long term resistance in the next few weeks ... so, please keep an eye on it.
What is it?
It is the 30 year bond yields ... symbol: TYX. Our comments are below ...
_________________________ _______________
Bernanke and everyone in the White House will try to stop this from happening. If they can't, there will be real trouble ahead for the economy. Right now, the 30 year yields are at a MAJOR, 15 year testing point.
Below is an updated chart (as of 8:40 AM this morning) showing a 17 year down trend on 30 year bond yields. Its resistance line has had 7 touch points.
We are now at number 7, and international investors want to be paid higher interest for what they perceive to be an environment with much higher risks. That pressure makes this current test a MAJOR testing point.
Bernanke is sweating right now, because if he can't be successful at keeping interest rates down, the housing market will take another turn for the worse and foreclosures will keep rising. (Bernanke is trying to be very proactive in driving rates down right now. There is a lot of international pressure for higher rates coming in, so it will not be as easy as he thinks.)
If we break above the resistance line shown, we can expect interest rates to rise to a level that would increase monthly mortgage costs by 20% to 25% this year.
This could be one of the most significant events seen during the past few years.

Marty Chenard

[zdo]

Line Changes:
None except extending Green Stay Line horizontally.

Position Changes:
None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun

Order Changes:
None

Comments:
Came within 2 ticks of starting to get stopped out yesterday…

[zdo]

Line Changes:
None

Position Changes:
None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun

Order Changes:
None

Comments:
…reminder - am ‘supposed’ to be short 100% net allocated all the time in this position…
…reminder – Trend Lines are placed to hold - Stay Lines are placed to be broken

[zdo]

Line Changes:
None

Position Changes:
None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun

Order Changes:
None

Comments:
Up is down… way up is up
Changed background color of chart... Have a great weekend all

[zdo]

Line Changes:
Extended Active Green Stay Line horizontally

Position Changes:
None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun

Order Changes:
None


Comments:
SP / Gold near parity…

[zdo]

Line Changes:
Extended Active Green Stay Line horizontally. Start working Stay Lines Monday.

Position Changes:
None. Still short net 25% allocated ~10980 Jun, Stop losses at ~ 11210 Jun

Order Changes:
None

Comments:
Will start looking for lines to add another % to short position

... off topic

What a great week to be a trader!

My guess - ‘computers’ triggered the wild ride – probably YEN trades…

…and these days you’re either long the world or short the world…

Have a great weekend.

PS It's not allowing attachments right now - will post picture later

[zdo]

Line Changes:
New downsloping Green Stay Line.

Position Changes:
None. Still short net 25% allocated ~10980 Jun,

Order Changes:
Stop losses moved to ~ 11160 Jun.

Comments:
Friday and Monday charts posted...