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.
TLT has breakout of its high from August 2010. It is in a very strong bullish move reminiscent to the move back in November 2008; peak of the crisis? Not only is TLT move steeper this time round (moving upwards faster), it also seems more gappy. Back in 2008, within 1 month from the November… Continue reading $TLT. It’s like November 2008 again.