Thursday, June 2, 2016

What's Wrong With This Picture?...06.02.16

Here's the bond/ TLT updates on M1 and M11.  The precarious stability of treasuries seems more and more apparent as the forces driving recent gains begin to erode and bond ETFs increase exposure as a likely whipping post..Given the FED rate hike odds, the current RSI2 value of 96 and the increasing short interest in treasuries TLT is looking susceptible to an overdue pullback.
LQB is long the 128 TLT 6/17 puts @.22.  FYI
Click once on charts below to enlarge.