A Lesson From Treasuries' Sharp Reversal

Sometimes you feel like a nut. Sometimes you don't. Unfortunately, I felt that both this morning with the iShares Barclays 20+ Year Treasury Bond Fund (TLT). After I took a long entry yesterday, the position finished strong. Even with the market heading higher this morning, TLT held up well.

As Bernanke started speaking, it got even stronger, hitting an intraday price target I mapped out from the pre-market. This wasn't a trigger sell target, though, for my swing long position, merely a scalp target, although one I did not take. It was more a matter of exercise and re-affirmation for my swing long position....385 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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