AMEX:TLT   ISHARES 20+ YEAR TREASURY BOND E
We have a potentially very good trade here.
The recent outperformance of HYG             (and the crude oil             rally) have boosted the stock market but I still think it's possible to see another sharp decline.

The market is under Mario Draghi's and China's sweet talk influence right now, as I see it.
I'm out of equity longs for the time being, and positioned in a more risk averse manner.
I still think the bottom is near, and won't hesitate in going long certain equities once I see a valid setup, as we have been doing with my group for a while.

Cheers,

Ivan Labrie.
Comment: Holding this one as insurance.
Comment: Trailing the stop up to the entry is a wise thing to do.
Comment: Excellent progress.
I'd reccomend taking partial profits and moving stop to entry price.
Comment: Was a wise move, now with reduced risk free position, we can trade around it.
Comment: New weekly high, very nice. Hold position.
Comment: At this pace we'll hit my target very soon.
Move stops to protect profits: 126.67
Add to winner as follows, long 1/2 at:

127.85 and 127.26
Stop: 126.67
Target: 129.04

snapshot


Keep main position until we hit the target above.
Trade closed manually: Exit and cancel pending orders for now.
Comment: Great rally so far, We might be able to reenter soon, but I'd wait for a safe setup.
Comment: Almost at the target.
Comment: I reccomend closing longs or trailing stops closely.
Trade closed: target reached
Well done Ivan -
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I don't do such detailed management and trade reccomendations often here, but I have done it a few times for TLT...it always works well for me somehow.
Hope someone took it.
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