I am buying some 
NLY, even though the stock is very overbought in the short term (see Money Flow Indicator at bottom of chart). I like the breakout through the dotted line connecting the highs from Oct 10 and Nov 17. After breaking through this morning the stock pulled back underneath the dotted line, but has now recaptured the high.
I believe that the macro environment supports the idea that the lows may be in for the mortgage REITs. This one trades at roughly 1x book value, while offering a 14%+ dividend. The timing might not be ideal on short time scale (again, it's overbought) but this is intended to be a long-term hold and I don't wantNLY to completely get away from me.
NLY, even though the stock is very overbought in the short term (see Money Flow Indicator at bottom of chart). I like the breakout through the dotted line connecting the highs from Oct 10 and Nov 17. After breaking through this morning the stock pulled back underneath the dotted line, but has now recaptured the high.I believe that the macro environment supports the idea that the lows may be in for the mortgage REITs. This one trades at roughly 1x book value, while offering a 14%+ dividend. The timing might not be ideal on short time scale (again, it's overbought) but this is intended to be a long-term hold and I don't want
NLY to completely get away from me.Trade active
Wow, I got ZERO boosts, ZERO comments, and not a single person followed my NLY idea with their own. Well, that's alright because I've been collecting that fat dividend for 5 quarters now, and have decent cap gains to boot. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.