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Timothy Technography
Jun 14, 2024 10:29AM ET
If you're trading TLT options, be aware that bullish momentum is forecasted to weaken some by late session, sell off significantly midweek as a counter trend, before reversing back into the major trend of higher bond prices through June 24-26 timeframe approximately, per WaveTech daily price pressure momentum metrics and 10-day moving avg. projection, which is how I knew to time TLT puts and calls over past few months. A correction to downside in price and upside in yield is expected for some weeks thereafter, before the major trend resumes. This should be no surprise since inflation continues to fall overall since peaking a few months after Putin invaded Ukraine, further disrupting fossil fuel and grain/fertilizer supply chains that were already in global trade supply shocks from COVID, and still lingering thanks to retiring Baby Boomers and Long COVID disabled, reducing workforce participation, while a huge portion of global transport must since last year re-route around Cape Horn instead of Suez Canal and around Magellan Straits off Patagonia due to increasingly warming Pacific causing drought over Central America that's drained the freshwater lakes of Panama and cut throughput by about 40% per Bloomberg. Nevertheless, central banks are nearing the end of such restrictive policy. Investors are now able to buy credit instruments with relatively high interest income and capital appreciation over the coming years, and WaveTech is able to detect the change in momentum since last fall's selloff thanks to unstable leadership in the US House of Representatives then and the threat of a government shutdown that thankfully for our economy did not play out.
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