XJO 0.16% 7,816.8 s&p/asx 200

the S&P fut and the bond fut are moving in opposite directions...

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    the S&P fut and the bond fut are moving in opposite directions at the moment.

    SEP bonds was limit down on thursday and the SEP S&P had a big move up.

    on friday SEP bonds were up 1.27%, and the SEP S&P was up 0.73% (and not down as one might expect).

    well i'd back the opinion of bond traders over S&P traders any day of the week.

    ... so sold a third size position of SEP S&P. i think the max this contract can now go is about 1215, and certainly not 1250/1260.

    this month, the S&P has been weaker than the SPI. so i'll be shorting the S&P, and not the SPI.



 
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