Thursday, August 23, 2012

Are Tuesday's buyers taking their profits today?

While its too soon to tell...given the weakness in stocks today, if Tuesdays buyers were not taking profits (by being the offer in the treasury market), then we would expect treasuries to be stronger, given the undersupply condition.  Undersupply conditions tend to last 24-48 today would fall into the "normal" routine of the large player taking profits into a rallying market (how else does one unload 100k ZN contracts?).

No comments:

Post a Comment