First up is the 30-year bond. Had Bill Fleckenstein not mentioned it today, I still wouldn't have realized the impressive move that's been going on, sending rates higher. Which, of course, could just be noise rather than a meaningful turn. Nevertheless, it is now back within the bounds of the trading channel that I drew a while back. As for the blue arrow, it marks roughly where I bought some puts. Clearly, my timing was off.
As for the Japanese Yen, I bought puts a bit early (see blue arrow), but I subsequently noted about 10 days ago that it looked like a real bottom at 78 was forming. And so far, that's been the case. Draw your own conclusions.
