Monday, March 23, 2015

Equity has been up sharply last week, and now it will digest the gain for a few more days. I expect it's going to have some small pullback this week probably to 2080 area.  If it gets there, it will be another good buying opportunity.

10 year yield fall back to 1.91%, and 30y yield is down to 2.5%.  I think the next move in rates should be up, it might stay in this range for a little bit longer, but downside rates movement should be limited by now. I will try to short a few bond futures contract for some quick profit.

Euro also has sharp bounce last week. It should has some pullback this week, or possibly even retest 1.6 area before finally going up.

Yelp has been in range bound for two months, and it might finally be ready to move up.  This week if it has some pullback it should be good to enter long option trade.  If you miss Facebook FB I recommended in middle March, you might be able to catch similar upside with yelp in next few weeks.

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