I suspect that we will be negative all week...
There are a ton of Calls in the system... and we may get "Profit taking" all week...
But we are also at a good place for a retrace of the TLT..
This TLT trade is Courtesy of Teresa Lo BTW
Tuesday, June 16, 2009
seems like we want to bounce.
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Also, TLT is now above the "buy-above" stop, BTW. When asked at the seminar, T.Lo said that can be used as a guide, but "it may still be a bear flag, who knows?"
I would think TLT can start to enter here and add on pb's. That's my thought. (Fidelity my 401k manager does not have a long US bond fund, so I'm stuck with FGOVX which is more intermediate bonds.)
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