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TLT hit a crossroads of resistance at (1) and has been really falling hard of late! Suggested to “at least harvest” at this crossroads in the quiz on dshort. (See post here)
GAME PLAN… Raise trailing stops to 3% right now on TBF (inverse bond ETF).
Thanks Chris for the heads up.
I was going to ask the same question.
So… we could see support for TLT just south of 90.
Although if Helicopter Ben is going to stay focused on 5-10 year bonds, that could face a real test.
Great stuff! (Once again)
Best Regards,
Jeff
Mike,
It isn’t as good as it was, per buying TBF, the ETF is now up close to 8% in the past 32 days. Not bad for an ole boring bond fund, yet I still like it.
If you look on dshort tonight, Doug posted the TLT chart and the quiz, per when I felt TLT should top out.
Just an FYI…If I do a quiz, it is a unique situation that I really, really like! I attempt to find what I think is the one of the most unique, out of favor situations and then frame it without a name. So in the future, when I do a quiz, you now know my little secret.
Chris…do your technical indicators show trends also or just buy or sell points? Was wondering if it is too late to buy TBF or TLT?
ck…
Great trade! Govt bonds are really falling hard!
Experimental holding TMV up about 7% today