7-10 Year Treasury Bond
- Uptrend support held and sustained
- Indicators implying bullish accumulations
- High volume like July 2011 (we still got 15 more days to go this month)
- Forecast is that the 7-10 Year would make all time highs in the next several months (again, bad for the equities)
20+ Year Treasury Bond: Long Setup
$TLT Daily Chart
$TLT Daily Chart
We have been holding our call positions since $109.30ish on the 20 Year Treasury Bond since late March as we lost faith on the equities with multiple warning signals we were able to discover. We probably going to start to take some profits when it starts to progress more aggressively to the upside. Because you know, when the Bonds move, they can move fast and furiously!
Targets on the Treasury Bond
$TLT Daily Chart
Here are some targets on the 20 Year
- $116
- $124
- $132 – Major Target
