Look at this chart. It shows the ProShares Short 20+ Year Treasury ETF (NYSE: TBF). As an inverse fund, TBF goes higher when interest rates go higher and bond prices go lower.
You can see how TBF (and interest rates) created a V-shaped bottom last October.
Soon after, the Relative Strength Index (RSI) began showing bullish divergence – a signal for higher interest rates (and TBF prices).
As TBF traded sideways it seemed $31 was holding as support. We alerted Boom & Bust subscribers of this bottoming behavior and recommended moving stop loss orders to $30.50.
This move reduced our risk, but also gave time and room for TBF to go higher… which is what we’re seeing now.
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Harry Dent, one of the most respected economists in the industry, has uncovered a disturbing market event that could soon devastate millions of investors. In short, he has undeniable proof that one of the market’s safest and most popular investments is about to get slaughtered… and it will have dire consequences for those who don’t prepare right away.
For full details on the event Harry’s dubbed as the “Safe-Asset Slaughter”… and to ensure you escape the coming carnage, I urge you to watch this special presentation.