Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Saturday, March 26, 2016

Bull Flag on TLT Bond ETF

Taking a look at the TLT 20-year bond ETF, we see what is undeniably a very bullish chart.  The top chart below shows daily bars and the lower chart shows weekly bars.

The most notable aspect is in the daily chart where we see a bull flag that just started breaking to the upside as more and more investors seek the safety of the bond market.

Trade well my friends,


Excerpts of an article by Randy Forsyth at Barron's admitting that the stock market is not about the economy anymore but rather anticipating and chasing Fed manipulation of the market.

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