I bought 4% TLT at 90.02 just now and 1% NQ futures at 2349 overnight. I exited all positions Friday and postulated that the stock market has completed a triangle that formed over the past 2 weeks. (See the Weekly Commentary). After a 5 up on the futures minute charts the stock market retraced almost all of the first wave, where I bought the NQ. Here is a 15 minute NQ showing it breaking M/As to the upside later.
The SP futures ran up to important resistance, the 30-minute M/A (blue line). It will only clear this when it exceeds it by .5% on a 30-minute close.
I bought TLT based on the discussion in the Weekly. Having long bonds and long stocks should balance, since they are normally negatively correlated.
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