Friday, November 05, 2010

Bonds - Downside Target Reached


Last month I posted about a trade that was setting up in the bond market which was suggesting that lower bond prices were about to unfold. Since that post TLT has sold off and has reached my downside target of  98.00.  This level coincides with the lows from last August.

I still feel there is more room to the downside for this market so I will be patiently waiting for a technical sell signal to short the next rally. As always, I'll post my observations if I see anything significant take place or if a trading opportunity presents itself.

You can read my original post from last month by clicking here.

No comments:

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites