Tuesday’s close was a cliffhanger of sorts, since the E-Mini S&P futures had slightly exceeded a major Hidden Pivot rally target before the session ended. Such is the clarity of the target that even the mere three-point overshoot that has occurred so far has tipped the odds in favor of bulls over the near term. And if the December E-Mini S&Ps were to close above the 2270.00 target for two more days, that would suggest buyers will continue to romp into year’s end. T-Bond futures are at a tipping point as well, stalled at a price equating to a 3.163% yield. Any higher and we could see a further surge to as high as 3.409% in the next 4-7 weeks.
Comments on this entry are closed.
Hi Rick
Happy Holidays!!
Just wondering where you currently stand onbthe long bond? I have owned TLT for quite awhile now and this selloff has surely tested us bulls. I continue to hold my position however. Any input would be great. Thanks
Jim
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I unceremoniously dumped TLT about six weeks ago, Jim. Earlier, I had polled 60 subscribers who attended an ‘impromptu’ tech analysis session online, and not a single one of them still held a position in TLT. I intend to re-establish it when the bear market in T-bonds looks to be at an end. Meanwhile, I hope that wasn’t the only Rick’s Picks position you’ve attempted, since recent trades I recommended in DIA, Crude and the E-Mini S&Ps produced gains totaling about $20,000 for anyone who followed my explicitly detailed instructions. RA