The NASDAQ:VGIT ETF movement seems to be inversely proportional to the 10-yr US bond yield
Typically as the yield increases, the bond price would also decrease.
Even though VGIT has an attractive yield (up to 6% p.a.) with monthly dividends, this requires at least 1-year holding period.
Moreover, there are expectations of a Fed rate cut in 2024. While this...
VGIT $VGIT High-risk Initial Short. TP and SL on the chart. Move SL on TP. Trail at TP2 with .5ATR step, 1.5ATR offset.
Backtest: 65.4% hit rate last 5 years, trend/momentum trade.