TLT is now DOWN over the past 63 days, the first time in ages.
Could this portend a much bigger move down?
I was buying TLT on the latest pullback and then exited on the recent rally and am looking to go short here.
It seems like the momentum is turning down and that QE is failing to drive TLT any higher. Money seems to be flowing elsewhere, perhaps Muni Bonds and Junk Bonds.
Rates here in the US are lower than Government bonds abroad, but the market is losing momentum.
The risk is low for shorting here and if a rally does start, I will be jumping back on the upside momentum.
Cheers,
Tim 4/8/2015 11:19PM EST
Could this portend a much bigger move down?
I was buying TLT on the latest pullback and then exited on the recent rally and am looking to go short here.
It seems like the momentum is turning down and that QE is failing to drive TLT any higher. Money seems to be flowing elsewhere, perhaps Muni Bonds and Junk Bonds.
Rates here in the US are lower than Government bonds abroad, but the market is losing momentum.
The risk is low for shorting here and if a rally does start, I will be jumping back on the upside momentum.
Cheers,
Tim 4/8/2015 11:19PM EST
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