Tilting Toward the Long Side

Although U.S. Treasuries are well off their recent highs, they aren't quite dead yet. In fact, there may even be a long trade using the iShares Barclays 20+ Year Treasury Bond Fund (TLT). There is actually a possible short trade here as well, but the short trigger is also the stop trigger on TLT.

What I am looking at -- and I tip my hat to one of my trading companions who goes by the handle Senor Cummerbund -- is the double-bottom on the 60-minute chart (below). The tough part is the possible head-and-shoulders pattern that has also formed. Still, the approach would be to buy TLT here and look for a move over the resistance at $117.75; however, I am still a buyer -- even with the $117.75 possible resistance....171 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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