On the heels of last night’s post its obvious that TLT was the superior choice in lieu of EEM, but then every thing’s always clearer in hindsight. A bit surprising that the volume buzz wasn’t greater in TLT this morning but the bulk of big volume numbers can probably be traced to selling, not buying. 90 minutes into the market and the NYAD has improved ever so slightly from an opening of .03 to .09. A value of 1 is essentially neutral so there’s a LOT of ground to make up. As a point of reference, .03 readings happen less than one half of a percent of the time.
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