Monday, October 22, 2012

Ok, i am involved now...just got long 10yr notes @ 98-13

This was a very long night the market moved in a very slow fashion (so far) with not much volatility...just a drag to lower prices  Someone sold 100mm 10yr notes in the screens down at 98-13 just now, and I was the lucky recipient of a portion of that.  So far, the market is just sitting here...we will see what happens next. 

From a market profile perspective, we are at the bottom of the inner bell curve.  I still like buying UST vs stocks, and i want to be long for month end...and we are at the bottom of the first bell curve (3 ticks lower to the next bell curve).

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