RobAllenS

Infflation Hysteria

Long
RobAllenS Updated   
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Inflation is the hot topic, deflationists have been told to leave, don't let the door hit you on the way out.

Anytime the weekly RSI on TLT has gotten this oversold we have been at or near a bottom.

Maybe Inflation Nation is getting too crowded and GOLD which follows TLT closely is sniffing this out.

The "Big Short" is buying call options on 3X levered Short Treasury ETFs, what could go wrong?
Trade closed: target reached:
Since I posted this bond sentiment has gone from the teens to the 90's percentile and reached my target of the summer 19 highs. Now that the 'big short' has egg all over his face, it might be time to short them
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.