January 14th - Opening trade: SOLD -10 VERTICAL TLT 100 FEB 16 122/120 PUT @.59
January 25th -Closing Trade: BOT +10 VERTICAL TLT 100 FEB 16 122/120 PUT @.29
A look at the long term, 5 year - weekly chart convinces me to take another bite at the apple this week. The oscillator reversed this week before reaching oversold. Relative strength and money flow remain strong in both the short and long term chart views. The market also reversed its shallow countertrend rally on Friday, giving me confidence that another move up or sideways price action in bonds is likely.