{"id":14656,"date":"2012-10-08T00:00:35","date_gmt":"2012-10-08T07:00:35","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=14656"},"modified":"2012-10-08T00:01:27","modified_gmt":"2012-10-08T07:01:27","slug":"chart-review-tlt","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/10\/08\/chart-review-tlt\/","title":{"rendered":"Chart Review: The Slow Decline of iShares Barclays 20+ Year Treasury Bond Fund (TLT)"},"content":{"rendered":"<p>The Federal Reserve&#8217;s expressed desire for quantitative easing and Operation Twist has been to lower long-term interest rates. The response to the announcement of QE3 on September 13th has not yet generated lower interest rates except for a brief moment. The iShares Barclays 20+ Year Treasury Bond Fund (TLT) is one way to play long-term interest rates; it rises as rates go lower and falls as rates go higher. TLT closed Friday essentially flat with the close on September 13th. TLT also closed right at its 200-day moving average (DMA) and continued a trend of lower highs and lower lows since the all-time high on July 25th.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_14657\" aria-describedby=\"caption-attachment-14657\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/10\/121005_TLT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/10\/121005_TLT.png\" alt=\"iShares Barclays 20+ Year Treasury Bond Fund (TLT) continues a slow and steady decline from its all-time highs in the summer\" title=\"iShares Barclays 20+ Year Treasury Bond Fund (TLT) continues a slow and steady decline from its all-time highs in the summer\" width=\"500\" height=\"350\" class=\"size-full wp-image-14657\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/10\/121005_TLT.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/10\/121005_TLT-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-14657\" class=\"wp-caption-text\">iShares Barclays 20+ Year Treasury Bond Fund (TLT) continues a slow and steady decline from its all-time highs in the summer<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>At the last two dips, I bought TLT calls as a quasi-hedge on stocks. Both trades worked out well as I sold them when TLT hit resistance at the declining 50DMA. I am angling to make one more trade long on this current dip; I am waiting for a lower low in this downtrend. If I execute this trade, I am likely to sell the calls on a bounce to 200DMA resistance which should be declining by then. After that, I will leave TLT alone as the markets are entering a seasonally weak period for TLT (and seasonally strong period for stocks). It seems overall that since 2010 yields are not responding directly to Fed actions and instead are responding more to the cycles of fear and relief over macro-economic conditions.<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve&#8217;s expressed desire for quantitative easing and Operation Twist has been to lower long-term interest rates. The response to the announcement of QE3 on September 13th has not yet generated lower interest rates except for a brief moment. The iShares Barclays 20+ Year Treasury Bond Fund (TLT) is one way to play long-term &#8230; <a title=\"Chart Review: The Slow Decline of iShares Barclays 20+ Year Treasury Bond Fund (TLT)\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/10\/08\/chart-review-tlt\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[456,921,62],"tags":[1042,1597,280],"class_list":["post-14656","post","type-post","status-publish","format-standard","hentry","category-bonds-2","category-downtrend","category-technical-analysis","tag-ishares-barclays-20-year-treasury-bond-fund","tag-technical-analysis","tag-tlt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chart Review: The Slow Decline of iShares Barclays 20+ Year Treasury Bond Fund (TLT) - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/10\/08\/chart-review-tlt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Review: The Slow Decline of iShares Barclays 20+ Year Treasury Bond Fund (TLT) - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"The Federal Reserve&#8217;s expressed desire for quantitative easing and Operation Twist has been to lower long-term interest rates. The response to the announcement of QE3 on September 13th has not yet generated lower interest rates except for a brief moment. The iShares Barclays 20+ Year Treasury Bond Fund (TLT) is one way to play long-term ... 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