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Bond Prices Bounce off Support

January 23, 2017 by Don Roth

I have had my eye on TLT (iShares Barclays 20+ Year Treasury Bond Fund) for a couple of months as it has made its way down into support.

Price has corrected about 16% from July 2016.

iShares Barclays 20+ Year Treasury Bond Fund (TLT) weekly

TLT 2017_1_23 w
(click chart to enlarge)

Price has recently bounced off support, the green trend line from early 2011.

This looks like a good entry with risk below green trend line. Risk is probably 5%-7%.

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Continue to hold all open positions.

Trade Smart,

Don

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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