Bond ETF

iShares Barclays 20+ Yr Treas.Bond (TLT) : Kumo breakout.


TLT. From bearish to bullish.

TLT is just starting to breakout of the kumo resistance.

However, at this moment, I am not expecting it to be very strong bull.

Both Tenkan sen and Kijun sen are flat with the leadig kumo also flattening.

These suggest consolidation and probably a range bound play for a while.

I already have a SHORT PUT spread on it.

And my objective is just to enjoy the theta decay.

Commodities ETF

PowerShares DB Agriculture Fund (DBA) : Time to retrace

DBA has a fantastic run up since breaking through the kumo resistance back in July.

As with all run ups, it will ultimately need to take a break before going higher.

In this case, the resistance can be found in the Weekly Chart at around $28 established back in June 2009

At this moment, I still can’t tell how far it will retrace. Though, a good entry on the Daily Chart will be around $27 near the kumo support level.


Watching SMH and KBE

As previously mentioned, there is a possibility that SPX and RUT may rebound.

For other signs that this rebound will last, I will also watch out for the following 2 ETF (the SMH and KBE)

The KBE is an ETF that tracks the KBW Bank Index while the SMH tracks Semicon companies.

Both ETFs are important and provide insights to the overall economy. After all, will there be a recovery if the banks and semi-conductors companies are not performing well?

2009Nov-Merrill Lynch Semiconductor HOLDRS-800x6002009Nov-SPDR Kbw Bank-800x600