It looks like the bottom is in for TBT which is the 20+ year treasuries bear etf.
Breaks of the 27 and 28.5 levels will send this ETF skying towards 29.20 or 30.50 levels. Volume came in today which if it continues will likely confirm the bottom is in therefore a top in the treasury prices which means a low in treasury yields. Money is looking to flow out in to other assets such as stocks / commodities.
Trading thoughts and ideas
Analysis of a wide range of stock, commodities and FOREX charts.
Specialized in gold and silver small-mid cap mining companies.
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Monday, August 15, 2011
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