NASDAQ:TLT   ISHARES 20+ YEAR TREASURY BOND ETF
23 2 1
We have been hearing a lot of bearish sentiment on bonds recently. Many proclaim the death of the multi-decade bond bull .

We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new president does not have the capacity alter monetary policy.

I post a simple chart highlighting various TLT             corrections. Remember TLT             is a volatile instrument that does correct sharply.

Lastly, RSI is at 30. Previous oversold readings have been great entry points.
michaelgoldin
12 days ago
snapshot


I like this high-volume capitulation and parabolic crash. Look for a higher-low.
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michaelgoldin
11 days ago
Only ca. 10% bulls according to Daily Sentiment Index
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