TLT rises amid market uncertainty
Since the beginning of May, TLT – the iShares 20+ Year Treasury Bond ETF – is trading in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band.
What is more, the 20- and the 50-day exponential moving average trend up and below the 10-day exponential moving average.
TLT’s MACD has followed this bullish buildup and has been moving above its signal line since early May.
In a similar way, TLT’s Relative Strength is moving up and above its 20-day exponential moving average, as this Bond outperforms our benchmark the SPY.