Tuesday, November 8, 2011

Treasuries Pullback-Buying Opportunity?

 TLT 20+ year Treasury (Safe Haven trade) has pulled back to the bull flag support level, this is the way the market use to trade 10 years ago and these would usually be excellent buying areas.


The 3C 15 min chart is in near perfect confirmation, no negative divergences.

TLT may not be the ideal candidate if you are looking to play this large bull flag in treasuries, but something leveraged like TMF (20 year Bull 3x) would be a better play or options.

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