As I tried to show in here, the
TLT ant
TBT are trading in channelsand you must respect those support
and resistance lines. Good move up $2 today and with volume.
This move is coming off such and over sold zone it may move all the
way to the upper trend line with out stopping.
LOL you can't trade of POMO, TBT rallied and bonds fell the last
couple months despite POMO. TBT was due for a pullback
anyway, it had quite a run and divergence was starting to set
up.
TBT
Posted by PA on 15th of Dec 2010 at 01:32 pm
BTW, credit where it's due - Matt and Steve called this one as a breakout back in October. Thanks guys.
Very true. and thanks from
Posted by ditch on 15th of Dec 2010 at 01:40 pm
Very true. and thanks from me too. TLT has bounced off it's lower channel line, now lets see where it closes.
As I tried to show
Posted by ditch on 17th of Dec 2010 at 03:20 pm
As I tried to show in here, the TLT ant TBT are trading in channelsand you must respect those support and resistance lines. Good move up $2 today and with volume. This move is coming off such and over sold zone it may move all the way to the upper trend line with out stopping.
TBT
Posted by hazbin1 on 17th of Dec 2010 at 03:23 pm
was good setup for reversal today, as POMO had $2 billion targeted in long bonds, and that is a big number for that maturity.
LOL you can't trade of
Posted by matt on 17th of Dec 2010 at 03:25 pm
LOL you can't trade of POMO, TBT rallied and bonds fell the last couple months despite POMO. TBT was due for a pullback anyway, it had quite a run and divergence was starting to set up.
I say trade the charts, ignore the other stuff
TBT isnt the trade for POMO....BGU or TNA is....just goes to show you that money is going into stocks not bonds
Posted by marketguy on 18th of Dec 2010 at 08:38 am
TBT
Posted by hazbin1 on 17th of Dec 2010 at 03:28 pm
just suggesting, POMO was added factor today, due to it's targeted nature in that maturity..
Sold at 40.35....thank you very
Posted by magann14 on 15th of Dec 2010 at 01:47 pm
Sold at 40.35....thank you very much for the trade Matt and Steve!!!