TLT

We got the TLT for a bounce. There's the also the more uh the more volatile ones the EDV like the EDV and then there's the Z there's one more Z O Z those are more rate sensitive so but what they but if they bottom they'll move up more so those are some things to consider I think the TLT which is the 20-year Treasury the 7 to 10 year Treasury Those are those are good enough.

Okay. I like the TLT because you got a clean entry over 7950 with a stop under 78.880. That's what I like about it.

So, like I'm I'm as short treasuries as you can be. I'm short TLT, Zeros, ZROZ, LQD, which is investment grade credit, high yield credit, HYG, Jojo, which is kind of like a poser manager.

And that's why I look at a bond market right now. If you look at TLT or bonds is basically it's essentially a a put on the S&P 500 with positive carry, no time decay, and it's just, you know, waiting around for a trigger.

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.

The reason I say this, and I've talked about this before, is the TLT fund, the average maturity of your 25-year bonds here in Treasury bills, or Treasury bonds, is longer than that.

I think we'll hold at this line, or we'll reclaim this line, the 78-77 line in TLT. So, this would be a likely peak-yielding bet . Now, I'm not saying I'm going to tell you what the Fed said . I'm not saying I'm betting on the TLT fund.