Just a heads up for TLT traders. The PDQ is pretty bearish on the bond ETF and if we check the relative gains for each side of the pair trades a dominant pattern appears. The PDQ, as we all know by now, tends to predict the next day’s momentum, so be advised. The only caveat for this Dashboard is the predominance of “BF” rated P&L Status values…which means the equity curve is currently running below the R squared benchmark. This situation warrants a degree of caution when considering the Final Signal. Less risk tolerant traders are best served by focusing on ‘P&L Status” lines rated “BR” and “AP”. Meanwhile, TLT has seen 93.75 as cyclical resistance for the past 6 months so the signal does bear some closer scrutiny.
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