A month ago the Power of the Pattern was reflecting in the chart below that yields had created a bullish falling wedge (yields should rise) and being bullish on bonds was the popular trade, as bond sentiment stood at 80% bulls (see post here)
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We have been showing a great opportunity was at hand to short bonds with Sector/Commodity Sentiment members and Premium Members for weeks. One of our favorite trades was to short bonds due to the huge bullish falling wedge and with bond sentiment at 80% bulls.
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Below is an update to the chart above, reflecting a breakout in yields and a breakdown in TLT!
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Rising yields/falling bond prices good for the economy right now? Don’t know.
I Do know this…shorting bonds over the past few weeks, has been good for ones portfolio, as TBF has made more money than being long the S&P 500!
