It was only 10 days ago that I was constructive on i – Shares Lehman 20 plus Year Treasury Fund (symbol: TLT). However, the technical picture has deteriorated, and the intermarket bond model is starting to weaken. A full fledged breakdown has yet to occur, but the recent breakout is looking more like a fake [...]
When we last looked at long term Treasury bonds, it was on March 16, 2011, and I stated that “the technical and fundamental picture are both positive for higher bond prices.” The fundamental bond model that I have developed is based upon intermarket data, and this model is still constructive on bonds although there has [...]
When I last looked at long term Treasury Bonds (click here and here), I stated the following: “While the bottom for TLT (or top for TBT and yields) appears to be in, it is not clear whether this will lead to a sustainable move that would cause price to break the down sloping trend [...]
It is my belief that we have seen the high in long term Treasury yields at least for a while, and I expressed this opinion in yesterday’s article on Treasury yields. Today, I thought it would be instructive to look at the bullish technical patterns developing in the i – Shares Lehman 20 plus Year [...]
Why I BackTest and the TLT
It is no secret that I like to back test every market observation that I have. I might not show all the data in these columns because most readers probably aren’t interested in the details, but it would be rare for me to make a statement or a trade for that matter that wasn’t grounded [...]