Ishares Lehman 20 Yr (AMEX: TLT) Headed Higher Says Market Timer Frank Kollar.
June 5, 2006 (FinancialWire) (By Frank Kollar)
Shares of exchange traded fund Ishares Lehman 20 Yr (AMEX: TLT) closed Friday at $84.79. Over the past year, rising interest rates have relentlessly pushed bond prices higher and the value of TLT lower. By early May, shares of TLT had declined 14% from their 2005 highs.
On May 12 share prices of TLT reversed to the upside. For the last three weeks TLT has rallied in an environment of rising interest rates, inflation fears, the potential for ever higher energy costs, a new Federal Reserve chairman and conflicting statements by Fed members. Can higher prices be sustained?
FibTimer.com (http://www.fibtimer.com) issued a BUY signal for TLT back on May 11 th. Based solely on chart action, we expect TLT to reach 87.63 - 88.81 over the coming weeks. Though the larger trend remains down, this bond rally still has additional upside potential. TLT remains an aggressive BUY in our ETF Timing Strategy.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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