It seems to me it’s time to buy TLT.

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
It seems to me it’s time to buy TLT.

Lest anyone doubt the importance of Fibonacci retracements, take a look how specific the behavior is with relation to these lines this morning on the /ES:

Good morning, everyone. It feels strange that today is Friday, doesn’t it? I suppose a week cleaved by a major holiday can play with one’s sense of position in time.
Overnight, the /ES slowly burned off, and all three big equity futures are red pre-market by about half a percent. Here’s hoping it actually sticks this time.
