Tuesday, June 3, 2014

Treasuries Update: 120 is the limit...

Bonds currently seem overbought and ready for a small correction..probably a buying opportunity

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TLT (20+ years treasury bond ETF) has already made a golden cross (21 week exp.moving average crossed 55 week exp.moving average) after hitting a double bottom last year.
Probably it will correct towards 110,5 and then resume its uptrend towards 121.

TIP (Inflation protected Treasury Bond ETF) has just made a golden cross.Probably it will correct towards 114 and then resume its uptrend towards 120.