Monday, January 30, 2017

TLT Perspectives...01.30.17

Despite the consensus bullish signals at Friday's close the markets reacted poorly to the immigration bans imposed over the weekend even though they were originally formulated and approved by Obama years ago.  Welcome to the brave new world.
Nevertheless ,selling pressure is currently moderate on TLT with multiple arguments suggesting that a run up may be in the wings.  
The current M1 and MVP signals are mixed and we're following a cautious approach for now.
Earnings on big tech this week, FB, AAPL, AMD, etc will likely set the tone.................