Wednesday, October 5, 2011

TLT -Safe Haven Treasuries

TLT is mirroring the market as it trades inversely and also indicating a market pullback.

 TLT  1 min positive

 TLT 2 min positive

 TLT 5 min positive-which matches 5 min negative divergences in the DIA/IWM and to a lesser degree the QQQ, the SPY is not negative on the 5 min.

The 15 min however remains negative, which at this point would still suggest a pullback in the market.

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