Thursday, March 5, 2009

Quick TLT Update

This is my third post in regards to the treasury bond market and TLT, the 20+ year treasury bond ETF. For the prior posts, please see here and here.

My original post on January 11, 2009 called for a big drop in TLT. From January 11 to January 31, TLT dropped 7.97%. I changed positions and went long on January 31. Since then, TLT has risen from 103.75 to 104.96, a small gain of 1.17%. I would like to re-iterate my long position for the near term future. We will see what happens.

Click on the chart below for a larger view.