The 10 year just printed 2.41. It has come too far too fast and overshot the 30 year trend line on TNX. I am not sure if it holds but I think it at least pauses here.
$TLT holds this 119-121 area and is going to bounce hard. I went bearish at $143. Now I am bullish at this 120.
Long with a mental stop below 118.
*All of these are my opinions and not investment advice.
11/29: TLT is full throttle ahead on the bounce targeting $127+
12/09: Staying the course. Not Bouncing here at all will reassess next week.
12/29: Making this a FULL Position here, average is 119.35.
02.09.17 – STILL LONG. Nothing has changed here. Moving back to 125+
03.09.17 – Stopped out 117.23.
CLOSED – (-1.7%)