TLT: Weekly long setup

22 ene 2016

We have a potentially very good trade here.
The recent outperformance of HYG (and the crude oil rally) have boosted the stock market but I still think it's possible to see another sharp decline.

The market is under Mario Draghi's and China's sweet talk influence right now, as I see it.
I'm out of equity longs for the time being, and positioned in a more risk averse manner.
I still think the bottom is near, and won't hesitate in going long certain equities once I see a valid setup, as we have been doing with my group for a while.

Cheers,

Ivan Labrie.

26 ene 2016

Nota

Holding this one as insurance.

29 ene 2016

Nota

Trailing the stop up to the entry is a wise thing to do.

29 ene 2016

Nota

Excellent progress.
I'd reccomend taking partial profits and moving stop to entry price.

1 feb 2016

Nota

Was a wise move, now with reduced risk free position, we can trade around it.

2 feb 2016

Nota

New weekly high, very nice. Hold position.

2 feb 2016

Nota

At this pace we'll hit my target very soon.
Move stops to protect profits: 126.67
Add to winner as follows, long 1/2 at:

127.85 and 127.26
Stop: 126.67
Target: 129.04



Keep main position until we hit the target above.

3 feb 2016

Operación cerrada manualmente

Exit and cancel pending orders for now.

5 feb 2016

Nota

Great rally so far, We might be able to reenter soon, but I'd wait for a safe setup.

11 feb 2016

Nota

Almost at the target.

12 feb 2016

Nota

I reccomend closing longs or trailing stops closely.

17 feb 2016

Operación cerrada: objetivo alcanzado