Categories
Bond

iShares Barclays 20+ Yr Treas.Bond (TLT) : Fail to hold on to kumo support

 

TLT fails to hold on to its bullish run and break down from the kumo support.

A bearish cross was sighted on the Ichimoku chart and today the price open below the kumo support of around 90.6

On the Ichimoku Daily chart, we can see a support at around $89.6

 

And on the Ichimoku Weekly chart, support is around $88

Note:

US govt. is in negotiation talks on the government budget. This will have an impact on the overall market.

Categories
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.

Categories
Bond

iShares Barclays 20year Treasury Bonds (TLT) : Gap Down, Kijun sen support

TLT gap down and is now just supported by the Kijun sen (trend line) at around $103.

All it needs to for a confirm bearish move is for it to go below the Kijun sen coupled with a bearish Tenkan sen – Kijun sen cross and we might see it go below 100.

The kumo support does not look very thick; though I expect more support coming in as it reaches $101.