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Ishares 20+ Year Treasury Bond ETFIshares 20+ Year Treasury Bond ETFIshares 20+ Year Treasury Bond ETF

Ishares 20+ Year Treasury Bond ETF

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TLT trade ideas

Bonds and Oil May Show Reopening Excitement FadeFor over a month, the stock market has priced in a post-Covid reopening. Now there could be signs of that trend exhausting itself. First and foremost is the recent double-bottom on the iShares 20+ Year Bond ETF. We cited downside in this instrument twice as it hit the top of its channel. But it made a slightly higher low/double following the last drop. That could suggest the intermediate-term downtrend, in place since August, has run its course for now. There are also some potential positives for bonds as coronavirus cases and jobless claims rise. Even with a vaccine coming, the near-term employment picture is grim because restaurants and hotels appear to have maxed out their rehiring for now. Recent data from the Labor Department suggests they could start bleeding jobs again. Second, there’s the Federal Reserve meeting on Wednesday. Officials have indicated they want to start buying longer-term Treasury bonds, which this ETF holds. Incremental mention of the new policy could help boost TLT. Third, TLT just had a bullish inside week, which means its range is tightening. Next are the intermarket conditions. Oil rallied on reopening hopes and the vaccine news. That could have been “buy the rumor.” Now that Pfizer’s shipping its drug, will investors “sell the news?” The fundamentals on oil haven’t been great either. OPEC+ has achieved little in terms of lasting production cuts. Inventories have also been higher than expected for several weeks. (Last week EIA’s total rose by 15.2 million barrels, the biggest increase since April.) Finally, crude-oil futures have a outside day/spinning top candle stick today. The major energy ETFs like SPDR Energy and SPDR S&P Oil & Gas Exploration & Production also have bearish engulfing days. Oil and energy tend to move in the opposite direction as bonds, so that could be another potential positive for TLT. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:TLT
by TradeStation
INTEREST RATES ARE GOING UP. jk :] LONG TLT !!!!=,)qu'est cet fou I posted about this a month or so ago. Phenomenal returns. Im expecting more. TLT goes up when interests rate go down. and TLT goes down when interest rates go up. Interests rates are never going back up. THIS IS THE DEAL OF THE CENTURY. Long the market till January with tech stocks and then get ready for a bigger correction than the one in March. TLT WILL GO ON AN INCREDIBLE BULL RUN *ADVOCATE OF FREE FINANCIAL KNOWLEDGE - FOLLOW/LIKE
NASDAQ:TLTLong
by arama-nuggetrouble