Tuesday, August 21, 2012

TLT/Treasuries Coming to life

I had a few emails asking hat TLT looked like this morning, I responded that TLT has been in positive position since it broke below support (likely head fake reversal move to the upside), but intraday it wasn't moving much, that just changed.

TLT/Treasuries would be a flight to safety trade, I like to watch them to see what's going on, but they don't have the volatility for me to trade them, but for those who asked today...


 30 min long term is positive both relative and leading at the break below support (head fake moves happen as frequently on upside reversals as they do downside reversals-the entire June to present trend started with head fake moves like this).

The intraday chart was positive, but not flying earlier, now it's leading so the activity appears to be picking up on some intraday pullback/softness.

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