This forecast / outlook is a copy from yesterday’s GMTT Research Report.
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US Bonds (MAR)
The US Bonds reached their next downside target and TLT came very near to it too.
Since we expect at least a bounce we suggest closing any short positions and to go long:
US 30 Year reached our next downside target 167.57.
We suggest long with a sell stop at 166.54.
US 10 Year reached our next downside target 136.17.
We suggest long with a sell stop at 135.49
TLT came close to our next downside target 149.15.
Suggest long with a sell stop at 147.00.
Keep the protective sell stop at 176.20, but only a good close end of day cancels the buy signal.
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