Technical Review

Special Update - TLT and S&P 500

TLT was expected to rally to 96.50 – 97.50 for wave b, before declining below 93.10 for wave c to complete the correction from 100.57. TLT exceeded the target range for wave b on February 1 by a small amount. In response to the January Employment report Treasury yields are ramping higher and TLT is down -2.5%.

The S&P 500 is up almost 1.0% primarily due to the big...

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