Interesting action in TLT because of the 30y auction today. I really should have thought about this last week, puts would have made some money. Anyways, TLT spiked up at 1 pm eastern after the auction, then market priced it back down. I bailed when it didn't go down at 1pm, made some beer money. Had I shorted the spike I'd have a lot more beer money. Just...
TLT has printed a nice traditional bottoming tale. the 20 year yield is quite overbought and now its time to go down (hence TLT goes up). At the very least we should be retesting 100 day EMA
Name: TLT - iShares 20-year bond ETF Time Frame: 15mins, daily chart Direction: long Comment: I have a promising investment opportunity to share with you. After careful analysis, I believe interest rates have reached their peak, indicating a favorable outlook for bonds. In particular, the iShares 20-year bond ETF (TLT) is exhibiting all the right signs for...