2Yr Yield creeping up slowly
Updated
TNX is closed atm but if the 2yr is an indication it may open higherWe re-entered long yield after FED day in DEC.
Sold puts on
TYO & bought commonDidn't go heavy because Monthly chart is a tad tough.
Weekly 2yr trading decently above avg's again
So far so good.
We were bullish on STOCKS but that was late Oct/Early Nov, then went bearish for a bit, & are now NEUTRAL.
EDIT:
Keep in mind that in BULL MARKETS items can remain OVERBOUGHT for long periods of time.
Note
Interesting that the 2Yr reverses AND TNX open down and going lower
Related publications
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.