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July 9, 2009 / Jeb

TLT Long Term Treasuries Are Bullish, Next Move to $100

In early July I told my readers about taking profits from shorting treasuries.

Here is the link for the rationale.

http://goldstocktrades.wordpress.com/2009/06/15/treasury-etf-chart-analysis-and-possible-breakdown/

Right now the long term treasuries appear strong breaking through the resistance of the trendline and the 50 day moving average on good volume.  These points are the lines of war between buyers and sellers.  It appears the buyers of treasuries are showing they are in control.

TLT

Over the next few weeks the treasuries should be strong and a good place to hide from a market downturn.  The next move should go to the 200 day moving average or the $100 area.

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4 Comments

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  1. investmentblogger / Jul 10 2009 12:17 am

    Hi Anticipate Opportunities,

    Very nice site. I’m not a technical trader, however, I do think that your technical analysis may prove to be correct. Currently the Fed is again looking into another stimulus package, and may perform some more quantitative easing (buying of treasuries), which would temporarily increase the buying demand again (bullish). Keep up the great work!

    Investment Blogger

    • Anticipate Opportunities / Jul 10 2009 8:27 am

      Thank you for you nice comments. Keep in touch.

  2. markitdown / Jul 18 2009 6:08 pm

    TLT got hammered at the end of the week – are you still standing behind your call for it to run to $100?

    • Anticipate Opportunities / Jul 18 2009 11:05 pm

      It looks bearish…I will try to do a chart analysis by the end of the weekend. Just looks like a failed dead cat bounce. I thought with the oversold conditions and good volume coming in it could at least rally to previous support which is now its resistance. The market rallying is definitely moving money from fixed income to equities.

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