Downward Bias for Ishares Lehman 20yr (NYSE: TLT) Says Market Timer Frank Kollar
April 22, 2009 (FinancialWire) (By Frank Kollar)
Shares of the ETF Ishares Lehman 20 Year (NYSE: TLT) cannot mount a sustained rally, or a sustained advance, and have been moving mostly sideways since early February 2009.
With highs around $105 and lows around $102, TLT is a study in indecision. But of late there is a slight bias to the downside.
TLT closed at $102.54 on Tuesday, April 21, and it looks like we will test these lows in the trading range over the next few days. This time we are looking for declines to push the envelope and break to the downside.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in TLT.
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.
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.
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