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andrew.berg

TBT break up of bear channel

Long
ProShares UltraShort Lehman 20 Year Treasury (AMEX:TBT)  
andrew.berg  
AMEX:TBT   ProShares UltraShort Lehman 20 Year Treasury
bonds break breakup breakout
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bonds break breakup breakout
This ETF was in bear channle as we saw rotation out of Fixed Income into Equities.
Yesterday it broke down trend line ahead of tomorrow ECB meeting.
The longer it will stay above $62 the higher probability it will continue higher. Target at 50/100/200 EMA.
Higher rates could make banks more attractive.
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