Bonds Falter on Fed Release
The Fed's language is shifting very slowly and utilizing a cover-your-assets methodology. The language still favors equities, but some sell-the-news could be expected over the next 24 hours. Nothing was said that would create a stampede to the door. The hardest hit on the report has been U.S. Treasuries. The iShares Barclays 20+ Year Treasury Bond Fund (TLT) is at a support level at which I would consider taking some profits. Perhaps taking one-quarter to one-third of the trade off the table is worthy of some consideration. That is what I am doing here.TLT Source: StockCharts.com View Chart » View in New Window »
My other move here will be to take half my Deckers Outdoor (DECK) to a cash position. I want to book some profits because of the bear flag that is forming on the chart....106 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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