Remember that TLT and VXX are flight to safety/protection trades and HYG is a risk on trade.
It looks like TLT's 1 p.m. low was accumulated with a nice 3C positive, there was decent volume there too.
VXX has remained in pretty good position. Now it's up to HYG, honestly right now I'm liking the look of TLT better than HYG as it did make a head fake move that was accumulated, but it is actually still early, a lot can happen over the next few hours or tomorrow.
Still there are certain assets that are still on the market afternoon bounce or perhaps they are accumulating bigger for tomorrow, AMZN long would be one (remember-all short term-as in intraday moves)-AMZN, FAS, URTY, NFLX, XLF, TQQQ, SPY, GLD just to name a few-again remember these are intraday positives only, the bigger, more reliable picture is how much distribution and how negative all these assets except GLD for now, are.
Is interest rates about to start going up?
-
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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