I believe its heading to $97 and will face resistance there.
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I am MarsTek. Not my real name but an avatar. I am a freelance Analyst with MBA in Finance from UCDavis & 20+ years of industry experience.
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In my blog I'll be providing stock analysis and offer financial planning to my readers. Readers are welcome to submit questions, and I'll do my best to answer these in subsequent posts.
Readers must refer to the disclaimer before using any content from my blog.
From May-Aug, TLT rallied to peak of $108.26. Since then it has retreated to $96.
ReplyDeleteI'd expect TLT to continue its fall & find support around $92.5
I'd expect TLT to reach $85-$87 levels, given market speculation around slight increase in long term rates. It will be very slow decline from now on as Fed has already infused awaited $600B more into markets