T_Bonds

[Pascal]

Treasury's reversed down today and tested the support level.
It is OK to keep the short TBT position unless this support (resistance for TBT) is broken with volume and strength.

Funds will buy treasuries in case of equities continued weakness but will also buy if equities get stronger when it will be evident that the economy is not improving and that the Fed will not pull the carpet out as it has threatened to do.


Pascal