Another TLT play is about to start. The 20 year bond yields are rejecting off the channels resistance and will likely move back down to the 200 mda and maybe the bottom of the 4 months upward channel. TLT will respond inversely to this. I have been playing TMV and TMF back and forth since November. I'm up 70% over that time. I'll will likely buy into TMF tomorrow if the machines drop the 20 year off of the resistance. If so, then I'll be ready to dump at the 200mda if we look like we will reject off of it.
If the 20 year keeps bumping sideways off the top of the 4 month channel - then I'll be ready to buy into TMV once it breaks out above it.
If the 20 year keeps bumping sideways off the top of the 4 month channel - then I'll be ready to buy into TMV once it breaks out above it.