Well, that’s that. Both TBT and TLT have sealed their price gaps. It would be QUITE appreciated if that was the limit of the bond move, thank you very much. We shall soon see.
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Well, that’s that. Both TBT and TLT have sealed their price gaps. It would be QUITE appreciated if that was the limit of the bond move, thank you very much. We shall soon see.
How much longer can this beast fly higher? I’m thinking not much longer. Look at the trendlines I’ve drawn on the symbol below, IYR. Major resistance is coming up quickly.
Well here’s quite the contrast. Below is the DIA (the Dow Industrials), which is at the highest price level in the history of the universe.
(more…)Did you want to short General Motors but thought it had fallen too far already? Maybe this is your second chance! I would submit to you that the overhead supply at present price levels makes this a LOT more appealing, thanks to today’s big price pop.