TLT (20+ Treasury ETF) Chart Broke Out Of Downtrend From October 2009

TLT (20 Year + Treasury ETF) broke out of the downtrend from October, 2009. There's congressional hearing volatility going on (financial regulation, Lehman bankruptcy hearings) and I'll embed a bunch of CSPAN videos in a bit. The next area of resistance on $TLT is around $92.23 (November 2009 lows/Februrary highs). It is trading at 90.74.  The ultimate level of support on $TLT is $87.42 which would be a short in size below that level (imho).  Watch $92.23 resistance.

Comments

  1. The break out was a Greek bond safe haven --

    Treasurys unwind after Greece asks for bailout (CNN Money) http://money.cnn.com/2010/04/23/markets/bondcenter/treasurys/index.htm

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  2. Forgot about moving averages.. The 200dma on TLT is 91.44. The 50dma is 89.64 and it's trading at 90.97 (chart). http://stockcharts.com/images/static_share/blogger_tld4bd0723ffcl.png

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  3. Forgot about moving averages.. The 200dma on TLT is 91.44. The 50dma is 89.64 and it's trading at 90.97 (chart).

    http://stockcharts.com/images/static_share/blogger_tld4bd0723ffcl.png

    ReplyDelete

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