Watching TYX 30Y Treasury Bond Yield for a revese in trendWatching TYX 30Y Treasury Bond Yield for a reverse in trend !
Possible trades TBX or TBF
TBF
TBF heading higher: on the verge of major breakout!AMEX:TBF is poised for a major breakout of its long-term downtrend channel short term bullish wedge. As interest rates continue to rise, TBF is poised to benefit. Both the fundamentals and the chart are beginning to align. I will be taking a position in TBF sometime this week.
Interest Rates Look Bullish: TBF is the ETF to BuyOn December 20th I posted an idea for a long position in AMEX:TBF based on the likelihood of the asset breaking out of its long-term downtrend and short-term wedge pattern. Here is the link to the original idea:
Today this breakout is taking place and I am initiating a long position in TBF. Given the technical backdrop and the fundamental/economic drivers, I believe this represents a solid opportunity for alpha generation.
Initial Target Price: $25.00
Stop Loss: $21.49
