Tuesday, August 17, 2010

A Reason to be Bearish (TLT)


Here we have a chart of the 20 year bond ETF the TLT. Looking at this chart from a technical perspective, it is clear that the ETF had been in a range for a long time. A breakout above the range and the recent up gap represents demand for the bond ETF. Buyers are feeling the market and heading into safe haven investments such as the TLT, sending it up on an a gap.

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