Wednesday, August 18, 2010

TBT

Interestingly, the bond run-up we've seen since the Fed policy announcement, seems to be coming to an end. TBT is an Ultrashort on the 20 year treasuries and it has pretty significant accumulation on the 5 minute chart as well as the 1 min.

It's not a high flyer, but is worth a look. I would put a stop below today's lows, maybe around $31.90

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