Wednesday, October 17, 2012

Didn't get flat...going home long

I made a few ticks making markets in the last 30 minutes of trading, but ended up going home long.  Given that we are at the bottom of the extended bell curve, I would only buy the market in ZN or be flat, i'm long 1 unit.  If I did not trade at all today, I would have wanted to buy the market at the end of the day, so I'm happy with my position.

My only concern was that slug of 100k contracts that traded after the 8:30 housing numbers...that flow dominated the UST market all day long.  We will see if the extreme edge of the bell curve (132-00) captures the market, or if there really is an oversupply condition which will force me to get stopped out.

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