I believe the 10 Year T-Note Yields will continue to fall.
TLT-remains positive and I believe it will continue to grind to new highs.
TLT-is also a "safety trade" if (and when) the stock market has a meaningful correction.
TLT-strengths:
1. Rising trading channel;
2. Rising Ichimoku Cloud;
3. Rising 89 day moving average;
4. Has continued to hold at Fibonacci .618 retracement;
5. Has continued to hold at mid-point of rising trading trend channel;
6. RSI / Stochastic is rising (top indicator);
7. Ichimoku Cloud has green border on top, indicating "stronger" trend.
My opinion-TLT continues upwards, 10 Year T-Note Yields continue downwards.
Good luck to you. Don.
TLT-remains positive and I believe it will continue to grind to new highs.
TLT-is also a "safety trade" if (and when) the stock market has a meaningful correction.
TLT-strengths:
1. Rising trading channel;
2. Rising Ichimoku Cloud;
3. Rising 89 day moving average;
4. Has continued to hold at Fibonacci .618 retracement;
5. Has continued to hold at mid-point of rising trading trend channel;
6. RSI / Stochastic is rising (top indicator);
7. Ichimoku Cloud has green border on top, indicating "stronger" trend.
My opinion-TLT continues upwards, 10 Year T-Note Yields continue downwards.
Good luck to you. Don.
