TMV Treasuries Leveraged 3X Short Inverse Long
TMV is an ETF Shorting the Treasuries. On the 2H chart, price is rising as the treasuries are
suffering value contraction while interest rates are steady or projected to rise. The chart shows
rising volumes, upwards volatility as well as a PV Trend demonstrating trend strength. I see
these all as confirmatory for bullish momentum. I will take a long trade into the next round
of federal news. The employment data showing strength in new jobs and low unemployment
will likely lead to another rate hike as the fed continues to try to beat down inflation and
will not relent in face of those data pieces. CPI and PPI may add fuel to the fire this week
and TMV may continue to rise.
suffering value contraction while interest rates are steady or projected to rise. The chart shows
rising volumes, upwards volatility as well as a PV Trend demonstrating trend strength. I see
these all as confirmatory for bullish momentum. I will take a long trade into the next round
of federal news. The employment data showing strength in new jobs and low unemployment
will likely lead to another rate hike as the fed continues to try to beat down inflation and
will not relent in face of those data pieces. CPI and PPI may add fuel to the fire this week
and TMV may continue to rise.