MUB was covered on January 26th, we were looking for an entry off the correction.
Here's the long term down trend on a daily chart in MUB-(ETF for national municipal bonds)
A closer look, this is the correction we were waiting for to end to enter a short position. The top red line can be used as a stop and the bottom red line can be used as an entry as a limit order (in your head).
30 min 3C chart.
The trend channel is showing about the same stop-it has carried the entire downtrend.
Is interest rates about to start going up?
-
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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