TLT Watch out below!!!

Posted on December 4, 2013 by Stock Trade Journal

The 20yr Treasury ETF shows some serious signs of weakness. It looks like it wants to break support around $102. If it does, it probably won’t stop descending until around $95 and ultimately $90. With a stop above $104 I get a Reward / Risk of 3:1.
The best way to play this for me is using the TBT Ultra Short 20yr treasury ETF.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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