Chart of the Day - Wednesday, January 15, 2025

Patrick Dunuwila
January 15, 2025

Chart of the Day


🏆 Today's Chart of the Day was shared by @SubuTrade.
 

  • Stocks and Bonds gapped higher today, fueled by a cooler-than-expected inflation report. The +20yr Treasury Bond ETF ($TLT) had its best session since the election, rising +1.7%.
     
  • $TLT filled a huge gap from November 2023 yesterday before closing at a 52-week low and gapping higher this morning. 
     
  • @SubuTrades points out that sentiment and positioning are ripe enough for Bonds to form a meaningful bottom. Short interest for $TLT is highly elevated while experiencing massive outflows over the past 2-months. 
     

The Takeaway: After exhibiting signs of capitulation, the +20yr Treasury Bond ETF ($TLT) had its best day since the election today. 

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