Set the stop on TBF at just 1% in a post this morning, due to potential channel support, after a HUGE bond decline over the past week. (see post here)
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Stop took us out a while ago as TLT hit support and bounced at lines (1) & (2). 500 index is up around 10% on the year. In a week, this TBF trade made 60% of what the 500 index has made this year, scoring on defense. Another example of the “Power of the Pattern” and how much potential is present in these markets!
Game Plan…Am now going to buy TLT with a 2% stop at (1).
Could start fireworks
Chris, thanks for the “pocket change”.