quantguy
Long

Green Light on US Treasuries

NASDAQ:DTYL   IPATH US TREASURY 10-YEAR BULL ETN
The China crisis has the world's markets in panic mode. Stocks had the worst first week in history. Currencies are tumultuous and volatile. Its difficult to endorse the Euro             for anything more than short term swing trades at best due to their own problems. Commodity currencies are sure to tank, and stocks are too volatile lately in my opinion.

One good idea for a long seems to be US treasury products, which historically have faired well in times of fear and panic. In particular, take a look at this bull ETF which tracks the US ten year treasury note. Observe the steadily rising lows and the roughly consistent level the highs have maintained at $78.00, a nice round number at that.

Further, note the support from below via the ichimoku cloud indicating that a 'bounce' or retracement may be in order from the recent bearish momentum of the past week. The RSI confirms its a great time to get in, though admittedly, the MACD still suggests a bit of bearish momentum . I'd set a stop loss at either $73.75, or $72.50, both recent lows and psychologically sound, round numbers.
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