TLT bought on oversold bounce; recovery to 8-day near 78 supports market.
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So, yesterday, good trade by the red dog. I needed it also. It's been tough. I did buy the TLTs on this day right here. guy said, you know, it's very oversold. And people got after me.
I'm like, I'm just saying it's the first time I really pointed out that it's very oversold. I, you know, it's been oversold, but I'm like, it's very. And then, uh, yesterday, the day before, I'm like, now it's very, very.
And then yesterday, finally, around 10:00 or so, it looked like it was forming a bottom tail. So, I bought the TLT on the Alpha team. We all did. Some guys bought calls and it was a nice trade.
Question is, you know, can it get back to the 8day near 78? If it does, that'll probably help the tape. That means yields are coming down. Computers could buy a few things and that'll be better for this scenario right there.
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