TLT is back at end of June levels while S&P is rallied higher 7%+ from end of June level. TLT is back because 98-99 was a support level, TLT is bouncing from that level. Interestingly, this time, risk assets this time did not follow the bond market action, at least for now.
Gut feeling is that TLT will make a lower high this time.
Friday, July 16, 2010
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