However, since traders with a non-marginable cash account (IRA) are unable to short sell anything, $ TBT or
$ TBF (non-leveraged version of $ TBT) is a decent alternative.
Now, we have added the short ETF back to our watchlist, but are targeting the non-leveraged ETF (
$ TBF), rather than the leveraged one ($ TBT), because there will be a slightly better correlation to the underlying index if
$ TBF triggers for buy entry.
Please reference this March 11 blog post for a review of this potential Trend Reversal setups in $ TBT /
$ TBF (or $ TLT short if you are able)