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The yield on the 30-year bond created a bullish inverse head & shoulders, suggesting rates should rise quickly....and they have over the past 90-days.
Joe Friday….20-year yield resistance comes into play 13% higher. TBF is up 12% in the last 90 days, doubling the S&P 500 (see below).
If this pattern read is correct, TBF’s could gain more, before resistance is hit.
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Members remain long TBF with a trailing stop.
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