TLT is very oversold; do not short and anticipate a tactical bounce to the 8-day moving average.
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recently you know rates have been hitting highs every day and the TLTs 1 2 3 4 five six down days with a new low and the eight days here it's bounced back to the 8th day every single time.
So all I said is I said TLTs are very oversold. Usually my TLTs are oversold. And I'm like that's the first time I use the word very. It's not very sophisticated, but very oversold means don't be short the TLTs and maybe there's a a tactical broken bounce back to the 8th day. And so far um the TLTs are up 30 cents.
So, at this point, 7854 is um it's where it's trading. This is 7852. That's interesting. So, if it could hold that high, hold that high. What did I just say? 7852. You know, there there is a chance that it could, you know, have a little bit of a push to the 8 day.
Not not not like this morning. That's a big ass, excuse my French move, but between now and the rebalance, and that would help equity somewhat. So, anyway, this is very, that's why the word very is in there.
This is like kind of overs. So, this is very. So, at least if anything, you covered some of your short and you're and you're trying to figure it out.
What this channel has said about $TLT
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