TLT Is a Trade. Not an Investment
Hey trader, A subscriber emailed me last week asking if it was time to buy TLT, the 20+ year Treasury ETF, at 84. My answer was no. The bond dropped further. This is the same trap that blew up the dip buyers at 89 and 90. Every leg lower brings a new round of traders convinced this is the bottom. Stick with me for the next four minutes. You’ll walk away knowing why TLT isn’t investable, what’s actually moving it, and how to trade it without getting buried. Oil Is The Tell What’s moving TLT day to day right now is oil. Not the Fed. Not the jobs print. Not the auctions. Oil backing off today is the only reason TLT bounced from 82 to 85. Oil up tomorrow, and the bounce dies. That’s the relationship running this bond right now. If you want to know where TLT is headed