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Sell Signal for Bonds

At the close today sentiment from the Twitter stream issued a sell signal for bonds (TLT). Smoothed sentiment has been painting a negative divergence from price as the ETF rallied into its 200 day moving average.  This suggests that traders are selling this rally and don’t have confidence TLT can move higher.  Sentiment broke below its confirming uptrend line which triggered the sell signal.  One thing to note is that the down trend line from smoothed sentiment is at high levels so I wouldn’t wait for sentiment to break back above it to close this trade.  Instead a trader should set their own stops and actively manage the trade.

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