TLT volumes are still low as most are still on vacation.  SPY is falling as expected and will continue to fall through January. Oil will resume its fall and TLT will start to rise again at that time.

Any month where SPY dumps 8-10%, oil ends up lower as well. The end of the month will be the low for SPY and Oil and the high for TLT.  Oil and SPY may change trends for a week or two but the last week of the month will have SPY and Oil going lower.

TLT to SPY ratio shows uptrend/bull…

Starting the week of Jan 11 holidays will be over and volumes will pick up.  TLT prices will pick up at the same time. Plan is still to sell TLT on Jan 29 at close.

Expect a $10 run to Jan 29 at close. The two main points are the January effect and the Fed Policy Change in Dec.

Could be building momentum slowly as was the case Jan 2014 accelerating in 2nd week…