The Bond Bulletin
By CarleyGarner • Nov 20th, 2008 • Category: Commodity News Updates
November 20th, 2008
I am going to keep this short and sweet. It was an incredibly busy day in the markets, but I also have family in town and the Las Vegas Money Show to deal with. I apologize for the inconvenience. Feel free to contact me with any questions or concerns.
Unfortunately, yesterday’s prediction of an irrational spike high to 121 in the 10 year note became a reality today. I have been calling for a spike in Treasuries but I didn’t see this freight train coming.
I hope that any of those short note futures as we had previously recommended also bought calls to protect against the possibility of such a move as we suggested. I will admit that I am a bit gunshy, but if you are brave you may want to think about peeling the long calls off in the morning and holding on to the futures.
We regret the timing of our short call recommendations, and will be watching the market very closely. Unfortunately, aside from rolling out or simply getting out there aren’t many adjustment alternatives. However, if you have the available margin and the fortitude I feel strongly that these positions will begin looking much better as time goes on.
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Carley Garner
Senior Analyst / Commodity Broker
DeCarley Trading
cgarner@DeCarleyTrading.com
1-866-790-TRADE
Local : 702-947-0701
www.DeCarleyTrading.com
There is substantial risk of loss in trading futures and options.
Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
CarleyGarner is
a Senior Market Analyst and Broker, Stocks and Commodities Magazine Columnist and Author
Carley Garner is a Magna Cum Laude graduate of the University of Nevada Las Vegas, from which she earned dual bachelor’s degrees in both Finance and Accounting.
Carley jumped into the options and futures industry with both feet in early 2004 and has become one of the most recognized names in the business.
Throughout her fast paced career, Carley has been featured in the likes of Stocks and Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews Magazine. Carley is often interviewed by news services such as Reuters and Dow Jones Newswire, and has been quoted by the Investor’s Business Daily and the Wall Street Journal. She has also been known to participate in Radio interviews.
Carley has recently completed a book titled “Commodity Options” which is being published by FT Press, a division of Prentice Hall. The book will be available in January of 2009. Her e-newsletters The Stock Index Report and the Bond Bulletin are widely distributed and have garnered a loyal following; she is also proactive in providing free trading education, for details visit www.DeCarleyTrading.com.
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