TLT Intraday ActionInteresting action in TLT because of the 30y auction today.
I really should have thought about this last week, puts would have made some money. Anyways, TLT spiked up at 1 pm eastern after the auction, then market priced it back down.
I bailed when it didn't go down at 1pm, made some beer money. Had I shorted the spike I'd have a lot more beer money. Just something to watch out for next auction.
In any case, the auction wasn;t a total failure, so expecting the stock market to keep melting up, especially small caps. CPI data Tues before market open.
BTLT39 trade ideas
TLT Poised for Promising Gains ๐๐ฐName: TLT - iShares 20-year bond ETF
Time Frame: 15mins, daily chart
Direction: long
Comment:
I have a promising investment opportunity to share with you. After careful analysis, I believe interest rates have reached their peak, indicating a favorable outlook for bonds. In particular, the iShares 20-year bond ETF (TLT) is exhibiting all the right signs for potential gains.
TLT is currently forming a solid technical stage one base, suggesting a strong foundation for future growth. Moreover, there's an encouraging development as the 50-day moving average (50DMA) is crossing over the 200-day moving average (200DMA) on the daily chart, signaling a bullish trend.
While it's essential to support his fundamental view with technical confirmation, the prudent approach would be to wait for TLT to surpass the $108 level before considering a long position. This breakout would indicate a significant upward momentum.
Considering these factors, TLT presents an enticing investment opportunity for those looking to capitalize on the potential rise in bond prices. Keep a close eye on TLT and wait for the breakout above $108 to potentially join the long side.
I am personally buying now and after breaking 108.83 I will buy more aggressively.
------------------------------------------------------------------------------------------------------------------------------------------------
Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! ๐๐
------------------------------------------------------------------------------------------------------------------------------------------------
๐ผ๐ฐโค๏ธ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" ๐ผ๐ฐโค๏ธ