Back in mid Feb, I took a bullish, intermediate term perspective on the long bond. Here. Today,
I cleaned out this position for a nice profit. I held it longer than I wanted to, and the ride was bumpier
than I had hoped for, but it worked out. I regard the bond position I used -- TLT -- as getting
overbought short term, so I could be back to it again if it corrects sharply. For now, notice the
RSI reading and the -D1 reading in the panel on the bottom of the chart.
There is a nice trend for TLT, so I could be getting out early. I might have hung around if the
$SPX had broken down badly today, but such was not the case. (See below for comments on the
SP 500).
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