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TMF chart entry for a swing long trade

Direxion Daily 20+ Yr Treasury Bull 3X ETF

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.

TMF chart entry for a swing long trade

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 indicator that gives high chance of bear market since 1969

Goldman’s Bull/Bear Index is based on valuation, growth momentum, unemployment, inflation, and the yield curve.

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.

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