I am not a smart man but I think this ship might have sailed from a chart perspective and the move was missed. I bought and sold for decent profit on this but the chart double topped in the 15 range and looks like a massive M pattern and I think a Date in the $9 range is coming up.confucius_ag said:Added some 12C leaps yesterday..sts7049 said:Bonfire.1996 said:
How can you play this? Rocket Mortgage (RKT) will rocket higher if the 10 year bond tumbles. The 10 year bond will tumble, farther than market forces would normally push it, if the FED drops rates prematurely. If the FED drops rates prematurely, the smart people will recognize a bail out, and they will know the FED is no longer interested in inflation, but is interested in the overall financial stability of the USA. That means an eventual return to ZIRP and a Japan style fiscal policy.
RKT leaps are the play.
time to load up!
Curious to what Bonfire thinks though from his perspective.