PRUDENT INVESTORS PAY ATTENTION TO THE EXTRAORDINARY TREASURIES’ MOVE – MOMO OBLIVIOUSLY BUYS STOCKS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Extraordinary Move In Treasuries
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The chart shows that TLT has fallen below the support/resistance zone. This prior support zone has now become a resistance zone.
- The chart shows that after a breakdown below the zone, Treasuries have continued to fall.
- The chart shows a downward sloping trendline and a significant move lower away from the trendline.
- The chart shows that the down move is on heavy volume.
April 16, 2024