Bullish Signal for Ishares Lehman 20yr (NYSE: TLT) Says Market Timer Frank Kollar

July 14, 2009 (FinancialWire) (By Frank Kollar)

Shares of the ETF Ishares Lehman 20 Year (NYSE: TLT) has issued a bullish signal in our ETF trend timing strategy. This signal points to a continued advance in coming weeks.

Shares of have been slowly rising since the long term decline that removed 33% of share value from December 18, 2008 to June 10, 2009.

Initial resistance is at $96.82. A close above this will point to higher highs, but critical resistance is at $99.08, the Fib 61.8% retracement of the April to June declines. Watch these levels for confirmation of the just issued buy signal.

A decisive close above $99.08 and TLT will likely be headed for a test of the April 1 highs at $106.37.

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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