Trend following credit spread trade planning and updates
The video below gives an update on the November 2013 expiration positions that were recently closed and then discusses new credit spreads for the December 2013 expiration. We had one quick and easy December trade in the Euro (FXE) and we’re taking some heat on the open Gold (GLD) and Natural Gas (UNG) trades. I look at potential trades in QQQ, TLT, USO, and SLV. Right now the markets are all a little overextended and none of the trades look like they meet the risk/reward criteria I like to see for trend following trades. Don’t forget to download the system on the start here page if you haven’t done so already.