Tuesday, April 27, 2010

US Long Bonds - Midday

TLT has already breached both the swing high and 3/24 overhead gap on expanding volume. If these levels can be held to the close, it would be a technical sign of strength (SOS). In this event, the December 2009 overhead gaps would be pulling hard.

U.S. Long Bonds ETF (TLT):


In yesterday's bond market analysis, I suggested a question for readers to ponder,

Now the real question, what would the invisible hand be telling us through a break of resistance in US long bonds?

I asked this question, because the build up of trend energy prior to the break was talking loudly. The messages from the invisible hand are often missed within the daily noise of price.

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