February 12th, 2012
Published Daily

USU09 – T-Bond Futures (Last:118^13)

by Rick Ackerman on June 29, 2009 8:46 am GMT

Short 119^05.5 with a stop-loss as tight as 119^07.5 if it is reached by noon. That’s my minimum upside projection for the near term, but it should show tradable stopping power. If the pullback occurs as expected, implement a 5-tick trailing stop trailing from 118^22, using 118^14 as a minimum objective. _______ UPDATE (11:25 a.m. EDT): The futures popped this morning to 119^04.5, missing our short offer by a small margin. Cancel the order.



Comments on this entry are closed.