Bond Market Update
Over the weekend I posted about a potential short trade that was setting up in the bond market. Well since that post the entry has been triggered and bonds are beginning to move nicely to the down side. In the above chart I included my downside objective for TLT which is the 98.00 area. If you would like to read my post from the other day regarding why I was bearish on the bonds, you may do so by clicking here.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
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4 comments:
Would buying TBT be equivalent or prefered?
Excellent question. Actually TBT is your best bet. I would have mentioned it but some people get really confused when it comes to ETFs that move in the opposite direction.
Great call. I shorted TLT at 103.75 on your call. Great great observation and awesome trade so far. You are the man!
a longer term charts looks like a double bottom with a pullback to the centre of W-meaning bonds are going up
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