The TLT Hits a Trigger
With the stock market reaching major upside targets and most traders waiting for a pullback before getting back in on the buy side, iShares Barclays 20+ Year Treasury Bond (TLT) might be worth looking at for a trade. The moving averages on the daily chart of this exchange-traded fund do not support a bullish scenario just yet, but I do have reasons -- at least for day traders -- to watch for a possible lift in the coming sessions.
We are looking at a healthy confluence of price support within a wider zone that comes in between 116.03 to 118.37. I've actually broken this support down into three smaller zones: 117.89 to 118.37, 116.88 to 117.29 and 116.03 to 116.07....202 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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