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.
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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