TBT does not seems to be going down further. At this moment, it has bounce off the support at around $14.72 . Currently, there is no clear signal yet. Tenkan sen has not cut Kijun sen. Nor has the price level break through the kumo yet. However, this may be a good entry with limited… Continue reading $TBT . Is it ready to bounce up?
Perhaps this is one of the confirmation signals that we have been waiting for. For the last 1 month, the market has rallied. Despite the challenges in Eurozone, it continues to edge up further. The Â saving grace is the movement has become smaller. $TLT has rallied back in August last year and consolidated at the… Continue reading $TLT . Showing bearish signs.
I believed TLT is overbought in the short term. Looking at the parabolic rise and that it may break the support, I have a speculative Sept 110 PUT on TLT. My bet is that it will break support within 1 week. However, given the volatile market conditions and the bigger economic concerns from Europe,… Continue reading $TLT . 110 PUT.