3rd day of $QQQ short term up-trend; QQQ still in channel; $TMV-trading a rise in interest rates


The QQQ failed to break out of its trading channel on Friday.

QQQ02062015Interest rates rose on Friday, reflected in falling bond prices. One way to play a future rise in rates and a decline in treasury bonds is through the triple leveled 20 yr U.S. bond bearish ETF, TMV. TMV rose more than 5% on Friday and +16% for the week.


The GMI is at 5 (of 6) and remains on a Buy signal since January 23rd. I remain cautious and ready to act one way or the other. The QQQ closed just below its 10 week average.



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