Wednesday, February 07, 2007
Bonds and TLT
Here are daily charts of the March T-bond futures and the Shearson 20 year bond index ETF. I last commented on these markets here.
I think the rally from the recent low points is about over. Both the bonds and the TLT should soon begin a drop that will carry to new lows for the decline from the December top. But I also think that these markets are about to establish important low points. The next big move should be upward from these upcoming lows. I expect to see the TLT trade at 95 and the bonds at 120 later this year.