I bought TMF for a swing trade with a target area of $20. This is a defensive play on a seasonally weak time of year for stocks.
It may be a little early as the Williams %R has not given a buy signal yet.
Goldman Sachs Group said last week that their bear-market risk indicator is at the highest level since 1969.
Goldman’s Peter Oppenheimer wrote in a note last week that a long period of relatively low returns from stocks is a more likely alternative than an outright market crash.