Thursday, February 12, 2015

SPY vs TLT - good time to buy?


I just had to remind myself:


That SPY can indeed advance while TLT is going up. It did that all last year, after February. So don't get freaked out by strength in TLT.

Oh also, those two last bottoms (Oct 2014 and Jan 2015) in the SPY:TLT black line were <-2SD on the weekly chart (and thus were crazily pessimistic). And the October bottom was a great time to buy S&P (though of course the S&P bottom was all due to fears of an imminent Ebola epidemic in the USA).

You've done a great job of puking the S&P 500 into a relatively-oversold condition, Whitey!


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