VGLT - Correction to 72 USDFirst Target 72 USD; then, the last leg down will start, maybe it will not go past the lows but that will be the real capitulation and where I'll be ready to buy.
VGLT trade ideas
VGLT $VGLT Continuation ShortVGLT $VGLT Continuation Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: VGLT is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
SHV Divergent more prominent in New AgeGenerally a long Inverse correlation to SPY. This fund is useful as a highly divergent indicator to SPY. Long
risk reward is on the long sidenice support on price as well as rsi low point has proven to be a decent entry. LONG. which also means I dont think rates are going much higher
Will bonds bounce?After a devastating drop due to rising 10-year yields, the VGLT treasury bond fund is sitting right atop strong support at both the 200-week moving average and the 50-month moving average:
My guess is that for purely technical reasons we get a little bounce from here, with a green day for bonds and a red day for financials tomorrow.
Can't believe it took me this long to realize I should buy VGLTEarlier this year, investment bank JP Morgan smashed estimates because it had bought a bunch of long-term bond funds ahead of last year's interest rate cuts, and the funds increased in price accordingly. (When rates go down, long-term bond prices go up.) I've been expecting futures markets to start forecasting an interest rate cut, as they did today, but it didn't even occur to me to make the same play as JP Morgan and buy long-term bond funds. D'oh. The expected rate cut is largely already priced in, but I bought a couple shares after market, and I'll add more on the dips.
