Thursday, July 15, 2010

A TLT Turn?

A late post today as some updating problems with TC delayed my efforts to alert my readers to developing conditions. OK . . there may be a bit of hyperbole there, but on the daily bars it sure looks like TLT is undergoing a change of character to the upside, perhaps in conjunction with a rising VIX.
Note that the highest volume surges were in TLT and SH today, while GLD showed only 50% of typical volume.
Also of note: the current short interest ratio on the SH is the lowest of the bunch . . by a huge margin.

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