Bullish sentiment is now at 20 based on latest data. The noise about rising yield is rubbish based on this chart.
Monthly chart of bonds
while bonds could drop a bit more, they are now trading in the extremely oversold ranges and the lower bonds trend from here, the more robust the follow-up rally will be.
More importantly, the velocity of money is still at multi-decade lows.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
outof thebox wrote: ↑Wed Jan 19, 2022 2:27 pm
I am waiting for a bit more of a pullback in TLT and then I will look at buying call options on TLT. The monthly chart looks superb
My quarterly, monthly and daily say lower to go while weekly says it'll bounce (maybe to 153/154, enough to turn monthly..hmm).
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
stefk wrote: ↑Tue Jan 18, 2022 7:46 pm
OK thanks, I will see that;
Stekf, you might find that as an EU resident, you will not be able to purchase US ETFs due to Mifid II regs
There are ways around it but somewhat inconvenient/complex.
Amusingly you can buy options on them, so if you want 100 you could exercise a call
This site lists ETFs to which we humble mortals may be granted access according to country of residence. Often there are equivalents to the main US ones, but the equivalence is not always exact, so exercise due care: https://www.justetf.com
