A TLT Of An Opportunity
- Posted by ZorTrades
- on September 26th, 2012
The TLT is now up 8 days in a row to a level of that use to be support that now should be resistance; $125 level. It also faces resistance from a descending trend-line touching the last 2 previous highs. If you like to short resistance after an extreme short term move like I do, this is right up your ally.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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