Another Day of Bad Data….with update
This retail sales data is not news to react to, but news to use. The number one thing for us is the short bond trade which we took off in the 132 area some time ago and now the market has rallied into the 136 area this morning. The optimum sell would be close to the 138 area.
We are holding our other positions.
The NAV on the EMA ETF Fund closed at 1001 yesterday.
8:22 AM CST
Update at 2:01 PM CST ETF EMA Fund Bought $ 25,000 of ETF TBT (double short T-bonds) at 39.16