Monday, August 16, 2010

Bonds Rally To An 18 Month High


The Bond Market surged today with TLT making an 18 month high.  If you look at a longer term chart of the bonds (not shown) you will see that there isn't much resistance at these levels which tells me to expect even higher prices in the days and weeks to come.

1 comment:

Anonymous said...

just bit cautious remark that RSI (both daily and weekly) point to unsustainable levels of us 10 Year T-note http://stockcharts.com/h-sc/ui?s=$UST10Y&p=W&b=5&g=0&id=p36288363859

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