There is a bubble in the bond market. Worldwide financial crises & money printing will make it collapse very soon. In this context we are considering TBT long term Call option.
Bouncing up from long term support from oversold, so it looks good. Want to see a positive MACD, a stronger RSI and maybe a more solid bottom.
TBT might pop out of this tight area. See the full newsletter here: forum.marketstockoptions.com
I see TBT almost hitting support level. See the full newsletter here: forum.marketstockoptions.com
TBT rallied off 40.57 (March 30, 2015 low) to test 17-month falling trendline. Bullish indicators suggest a breakout is favored ahead of further strength towards 47.54 (March 2, 2015 high). Clearance above the latter would confirm basing and trigger further gains towards 53.63 (November 13, 2014 range high). However, a breakdown below 40.57 would signal false...
This ETF was in bear channle as we saw rotation out of Fixed Income into Equities. Yesterday it broke down trend line ahead of tomorrow ECB meeting. The longer it will stay above $62 the higher probability it will continue higher. Target at 50/100/200 EMA. Higher rates could make banks more attractive.
This is a repost of my initial chart due to price having taken a few weeks to get down to the 'D' point area. I would definitely leave some room for any stop losses under that 'XA' leg in case price tries to retest the shelf its been bouncing off. Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will...
Thinking to buy some TBT (ultra shot 20+ year treasury) tomorrow or early next week, pending technical development. I am long treasury - so this may be a counter-trend short term trade.
I posted the Daily chart a couple days ago; here is the weekly chart which is a bit clearer for people. Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on. Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity...
First add was 63.70 will add lower looking for rates to rise possible 67-68 1st target.
Scanning for patterns and noticed the trend lines and patterns. Buying Puts on Weekly's and Feb 22 expiration. Keeping it simple. If your still guessing what it is, the pattern is an Inverted Head & Shoulder.
Treasury yields in way up Confluence zone Indicators show breakout and next leg up Wave count looks for upside
Start at 74.8 PM next add at 73.5-73 71-70 stop below 70
The breakout of the base in TBT (which is a breakdown of the top in TLT) set up a rally to the projected target created from the measurement of the first green triangle you see on the chart. This breakout pattern could very well go another measured move from the breakout level projecting up to the "MAX TARGET" within 23 days from the breakout of the range labeled...