Something that is still developing is the potential bear flag breakdown in the Treasuries ETF, seen below on the daily chart. We know the lonerg-term timeframes remain quite vulnerable a massive top in Treasuries, meaning yields can go much higher. And the short-term action seems to be consistent with that view as well. After an attempt at stabilization over the past week or so, I am looking to see if the sell-off in Treasuries sticks and whether it affects the gap-up in equities. As I write this, I see TLT gapped before recent low.
TBT is the inverse ETF of TLT.
“Trasheries” Hat Tip: @MPH777
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ugly price action in TLT agreed but what does this say about equities moving forward? Can the market get all happy with 10 year yields over 2.5% for any real length of time?
Also Copper getting taken to the wood chipper today and DX ripping over 84 level means headwinds for multi national corporations in Q3 due to currency issues
sold 1/4 position TBT (+30.25%) posted entry somewhere (05/01)on these pages:
Status Filled at $76.50
Symbol TBT
Description PROSHARES TR PROSHARES ULTRASHORT20+ YR TREAS NEW
Action Sell
remain long 3/4 @ $58.73
reits s#cking the ((BIG WAZOO))
bought share of one I’ve not held in many moons..hellish levels here
Status Filled at $11.30
Symbol NLY
Description ANNALY CAPITAL MANAGEMENT INC COM
Action Buy
may not be hanging around too long(?)
^^Ex. Dividend Date was 06/27/13
Record Date: 7/1/2013
Oooh..
working..I guess(?)
.. quietly
😉
sold a portion here on this bounce(+5%)
will hold 1/3 position at above entry
Status Filled at $11.875
Symbol NLY
Description ANNALY CAPITAL MANAGEMENT INC COM
Action Sell
Order Date 07/08/2013, 10:42:03 AM ET