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rohanbhide

Trying to Figure Out Bond Market Movement

Long
Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT)  
rohanbhide  
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Trend Analysis Chart Patterns bonds TLT
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trendanalysis chartpattern bonds tlt
The bond market looks like it is reaching it's peak overbought condition in the short term. This might bring some stability to the stock market. I am closely watching the 50 DMA line which is flat and might reverse it's trend to start moving higher. I would sell TLT in the short term and buy on dips. I will watch for a break in the downtrend line I highlighted which will indicate a bullish move to the upside.
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