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Sep 24

Trend Following Update – Exiting Short 10yr

Our review of futures positions this weekend made mention of how the advance in the 10yr looked as if it could easily extend further and threaten our stop, and we got that move today, triggering our exit which we’ve executed at tonight’s open for a loss of $2,328.13 per contract.

In contrast our profitable short 30yr position requires a little more upside to trigger our trailing stop, and we came close to having a trailing stop in Crude Oil triggered today but it held on after a successful test of the $103 level. Going into Wednesday we are LONG S&P, NASDAQ, Euro, Pound, Oil, Gold, and SHORT 30yr, Dollar.

Short 10yr ($ZN_F) 9/4 -$2,328.13 per contract

The 10yr had already overcome a descending trendline of lower highs and its 50-day, and today saw a modest follow-through to the tight consolidation of last Wednesday’s advance, closing above our 125^26 stop level.

AlphaCapture

 

Here are our remaining positions by asset class:-

EQUITIES

Long S&P ($ES_F) 9/18 -$350.00 per contract

Long NASDAQ ($NQ_F) 7/18 +$2,920.00 per contract

RATES

Short 30yr ($ZB_F) 5/13 +$9,312.50 per contract

CURRENCIES

Short Dollar ($DX_F) 9/19 -$405.00 per contract

Long Euro ($6E_F) 9/19 -$450.00 per contract

Long Pound ($6B_F) 9/12 +$1,131.25 per contract

COMMODITIES

Long Crude Oil ($CL_F) 7/5 +$3,510.00 per contract

Long Gold ($GC_F) 8/16 -$4,260.00 per contract

 

 

 

 

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