BUYING TMV

Posted By admin on Aug 17, 2011 | 0 comments

Bought TMV - 3X Inverse ETF on the 30 year Treasury. Took a position around 24.40.

Given my strong opinion about the sideways nature of trading for the remainder of August, I expect that some of the upward pressure on the long bond (downward pressure on yields) will subside.

30 year yield (TYX) is sitting at an important point of technical support, as well.

I'll post some charts tonight.