BTCBanker1

Interest Rates Look Bullish: TBF is the ETF to Buy

Long
AMEX:TBF   PROSHARES TRUST
On December 20th I posted an idea for a long position in AMEX:TBF based on the likelihood of the asset breaking out of its long-term downtrend and short-term wedge pattern. Here is the link to the original idea:


Today this breakout is taking place and I am initiating a long position in TBF . Given the technical backdrop and the fundamental/economic drivers, I believe this represents a solid opportunity for alpha generation.

Initial Target Price: $25.00
Stop Loss: $21.49

Comments

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