Bouncing Bonds
Image Source: Pixabay
As a lifelong permabear, it’s honestly a great feeling to be long in something that I truly believe from a charting perspective is going to go well. I own a very large quantity of TLT (this one position is bigger than all my shorts put together), and although it isn’t exciting, it’s definitely moving in the right direction, as illustrated by the /ZB futures recently.
Here’s the longer /ZB view. For years, the bonds tried to base and push higher (red areas) but failed in each instance. This time, we’ve changed trend (green line) and are headed, I believe, for a breakout.
Good luck to TLT holders out there!
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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