A little rotation in money flow going on.
iShares Barclays 20+ Year Treasury Bond Fund (TLT) weekly
This trade has served its purpose. It was a good hedge and made money.
We recommended buying TLT on January 23 this year. It is up about 4% including the dividend. Price has broken intermediate support weekly. Interest rates may bump up over the next couple of months.
Sell TLT and harvest gains for now.
SPDR’s Select Sector Financial ETF (XLF) weekly
I’m finally convinced. Financial’s look to be breaking out. Price has cleared 16 year resistance. Makes sense with the probable bump in interest rates over the next few months.
Buy XLF.
Price action remains bullish. Continue to hold open positions.
Trade Smart,
Don