Posted on June 2nd, 2008 at 11:11 AM

Well Tyco (TYC) has not completed to the MOB for us since triggering. We made our first profit objective and since have pulled back and are hovering just above what I think is the best stop. I would say that in the face of what the ($SPX) is doing today TYC is holding strong.

So now what? Well its just money management here. Adhere to the stop and trade it out. We have a profitable trade at this point.

Posted on June 2nd, 2008 at 11:22 AM

Well Emulex (ELX) did straighten out and give a good trigger with the regression trend channel (RTC) since my last post. At this point its starting to really look weak. First profit objective is half way to the MOB down about 12.65. It's merely the 4th step in our GETM process, Manage the Money.

Posted on June 2nd, 2008 at 10:07 PM

I am bullish on the Ten Year ($TREASURE10Y).  It should soon trigger a long on the weekly chart. 

There are many reasons to be bullish on bonds.  One reason is that the technical setup is shaping up to be one of the same patterns we see over and over again.  A pullback within an uptrend.  Second, Interest rates are trading at the high end of their range.  Third, Volatility has hit a key support level.