I'm going to be patient here, this isn't the time to try to force something to happen in the market, it never is, let the trade come to you. Patience is your biggest advantage over smart money as you can decide when to be in the market and when to pull out-they can't; you can pick and chose your battles, they have to commit their large ship to a course and hope their right.
So something interesting in TLT which is the long Treasuries (20+ years), it's also where the F_E_D is active this month. Money is flowing out of TLT, the 3C charts are VERY clear about this, it may be a short term effect, maybe a longer term, maybe it's in line with the theory I suggested that we see a very strong move on a day like tomorrow on the NFP (that part a member added) and then toward the middle or end of the day, a bloodbath.
In any case, TLT is the "Flight to Safety " Trade, when smart money expects the market to go down, they park money over there, when they want to use that money to buy stocks, they exit TLT, right now there's an exit of TLT, that alone suggests a move higher which is still in line with our theory.
The reason I want to be patient is I can add at better prices on a strong, unambiguous signal.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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