TLT seems to have found support at the rising 200 day MA and
there is nothing, so far, that suggests that the huge bull market
in bonds is over. The last six months looks corrective and
ready to rally now, IMO. The TLT chart showed that the spx
"breakdown" two weeks ago would be short-lived, as it never showed
the strength and never broke topside. Now, as in November, it
might be leading equities by a day and rallying in advance of a
much awaited correction.
TLT has been telling the story
Posted by kalinm on 16th of Mar 2012 at 04:34 pm
TLT seems to have found support at the rising 200 day MA and there is nothing, so far, that suggests that the huge bull market in bonds is over. The last six months looks corrective and ready to rally now, IMO. The TLT chart showed that the spx "breakdown" two weeks ago would be short-lived, as it never showed the strength and never broke topside. Now, as in November, it might be leading equities by a day and rallying in advance of a much awaited correction.
Better look at the weekly
Posted by admagazu on 16th of Mar 2012 at 06:35 pm
Better look at the weekly and monthly.. butt ugly... long TBT here from 18s.. looking to cover 1/2 maybe at 23s - 24