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TLT looks almost like an exact inverse of the 500 index of late….back and forth, inside of a tight range. TLT is nearing the top of a trading range and looks to be kissing the underside of resistance at (1). News of late that a big bond house is now buying government bonds seems like an interesting idea to “think about” since TLT is close to the top of this channel.
Speaking of “thinking about” things….how often have we seen the broad market and TLT both soft at the same time?
