Reflation trade entering possible supply area $IEF, $TIP
I posted this as neutral because it can go either way from here. I bought TYO in my 401k two days ago and shorted the future yesterday. For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an...
Textbook consolidation as we wait for more signals from the FOMC. Fed futures showing no hike in March but two hikes by December, expect another leg up once subsequent meetings start pricing in. Good time to scale in.
This ratio looks like it is to have a big drop soon.
Watch the lines - this is the perception of long term Dollar value divided by Gold.