Tuesday, February 21, 2012

TLT

 There's no doubt that the short term trend in TLT is down, but as I pointed out Friday, the late day grab for protection (the same time the pros make their trades) is worth at least noting, we are seeing the same today.

 On an hourly basis, TLT has stayed in line most of the time, but recently has been slightly leading, which is another small change worth noting as small changes are usually the most important early signals.

On a daily basis, it's kind of hard to call TLT bearish, being this is a flight to safety trade, it shouldn't be ignored.

No comments: