TBT and TLT Charts

By | March 6, 2015

3306. weekly TBTchart

The market is coming to terms with the increasing possibility of interest rates moving higher sooner, rather than later. The weekly chart of the iShares Barclays 20+ Treasury Bond Fund (TLT) shows the recent formation of a series of wide-range dark candles, that broke a six month uptrend line and returned it to its 2012 high. The ProShares Ultra-Short 20+ Treasury (TBT) fund, in inverse correlation to the TLT, is breaking above a one year downtrend line. This bottoming process in the TBT can be seen as a cup and handle pattern, with today’s gap higher breaking above the $45.50 rim line. There has been strong positive money flow over the last month, reflecting accumulation.

3306. dailyTBTchart

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