The TBT Trade Follow Up

Yesterday I decided to start a long position in TBT (ultrashort 20+ year treasuries), even though the F_O_M_C policy statement would seem to favor being long treasuries, the 3C charts were showing something different.

This a.m., the TBT trade is off to a decent start...

Now up +1.68% from yesterday's close

As for TLT (Ultra-long 20+ year treasuries)

 The TLT 1 min chart is still in line with a downside move.

 As is the 3 min chart

 TBT confirms with a leading positive on the 3 min chart

As well as the 5 min chart.

A move out of treasuries typically signifies a shift of assets in to a more risk on, bullish market environment, however as I mentioned yesterday, the F_O_M_C policy statement that would seem to be obviously good for long term treasuries, may be too obvious and this may be a sell the news event.

In either case, the trade is working thus far, I consider it short term or a swing trade until the charts tell me otherwise (whether that be that the TBT long is ending or getting stronger).