I have been following the crazy ride of the TLT ( iShares Barclays 20+ Year Treasury Bond) and it’s so way over bought. This article on Bloomberg also talked about  “Time to sell Treasuries“.  I thus entered into the TBT which is an inverse ETF of the TLT. As you can see from this chart of the TLT there is heavy down volume pressure on Jan 5. On Friday we just missed the high of the Jan 5 by $0.07 and closed to the downside. If we move down on more than 4 million shares and can break the $111 price we are fall further to $103 range.

I entered into the TBT on Thursday and have my stop just below the day low of $38.41. This should go to $42.96 first then…..up to $50 if the bond does breakdown.

I am still bullish on gold going higher into February as the US Dollar weakens. I am long AZK, ANR, DGP, AUY, GBG, GG.

Also bought on Friday for a quick play on TNA (Small Cap Bull 3X Shares) it is basically 3x leverage on the Russell 2000 which is use the IWM for the proxy. It was good to see another trader that I follow at Buying on the Dip also call this trade for TNA…….up up up we go to $40.