fredpui

$TLT touching on support MA50

Long
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
TLT has just touched on the ma50 line @145.71 which is also the top on June 18.

With gold out of favour and USD going up, the smart money is pouring into the treasury bond. this is a good time to collect some bond for the next 1-2 years.

Interest rate should stay low for the mean time and equities should be hot for the coming year.


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