Bought 15% TLT @ $113.70 Stop @ $107.98 Target @ $126.00 US treasuries just experienced one of the most powerful sell offs in its history. The sell off may not be over, but sentiment indicators have reached extreme levels that have reliably signaled bottoms in the past. Besides being extremely oversold, it is showing signs of rallying off of previous support. As an added bonus, TLT trigged a buy signal on a daily chart.
To access this post, you must purchase Wanderer Financial Two-Year Membership, The Full Timer – Monthly or The Full Timer – Annual. If you have already purchased a subscription, please log in to view the content (login link in menu and footer). log in