Wednesday, July 27, 2011

Treasuries/TLT Update

Lets not forget TLT which looked a lot like GLD yesterday, here was the short term call from yesterday...
TLT's Intraday Action

Here was the short term TLT chart from yesterday's post...

And today's reaction...
 Today's intraday fall from yesterday's intraday bearish call on TLT.

 On this 30 min chart I had warned previously twice about pullbacks from the two areas at the white boxes.

Intraday, it looks like TLT wants to bounce. The long term charts remain muddy, most probably a result of the ongoing drama in Washington.

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