US 10-Year Yield ETF (IEF)
Lately we’ve been in more of a defensive trading mode.
As we’ve seen fewer higher highs in the market, we’ve been raising cash, shorting stocks, and buying gold.
That’s worked out well so far, so we’re leaning into it.
Today’s Chart of the Week is buying US Treasury Bonds.
Specifically, we’re buying the Benchmark US 10-Year Yield ETF (IEF).
This is strategic portfolio positioning, so we are long above 114. Below that, we may be early, or even wrong. So we want to protect against that by confirming our assumption and waiting for the 114 level.
Below that we are just watching, but once we hit 114, we’re in it long with a target of 119/120.
Now, that may not seem like much, but if the market is falling, any gains are good gains.
Til next week, good trading,
JC Parets
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