Posted by DigiNomad on 22nd of Mar 2024 at 10:39 am
TLT - I have a weird feeling that this is a trap. I was leaning
towards a buy yesterday but didn't pull the trigger. Got the pop
today. But the chart, if not redrawn, looks like it's rotating back
to touch the broken trendline. That said, it never broke and made a
lower low on the last move (double bottom). Buying it here is a bet
that the inflation trade is off, yields are going lower and the
neutral rate is going to be lower, not higher. My sense is
that opposite is true on all counts. I might buy it here
anyway since it's providing an objective and tight stop and just
hope I'm wrong.
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TLT - I have a
Posted by DigiNomad on 22nd of Mar 2024 at 10:39 am
TLT - I have a weird feeling that this is a trap. I was leaning towards a buy yesterday but didn't pull the trigger. Got the pop today. But the chart, if not redrawn, looks like it's rotating back to touch the broken trendline. That said, it never broke and made a lower low on the last move (double bottom). Buying it here is a bet that the inflation trade is off, yields are going lower and the neutral rate is going to be lower, not higher. My sense is that opposite is true on all counts. I might buy it here anyway since it's providing an objective and tight stop and just hope I'm wrong.