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Technical & Trade View
TLT iShares 20+ Year Treasury Bond ETF
Trade View
101.13 Target Achieved, New Pattern Emerging
Bias: Bullish Above Bearish below 99.00
Technicals
Primary support is 99.00
Primary upside objective 102.85
Next pattern confirmation, acceptance above 101.50
Failure below 99.00 opens a test of 97.90
20 Day VWAP bullish, 5 Day VWAP bullish
Institutional Insights
According to analysts at Goldman Sachs ‘ Based on our valuation-adjusted estimates of preliminary data from the US Treasury ,foreign investors net purchased long-term US securities in September. Foreign investors net purchased long-term Treasuries and US equities, and net sold long-term US agency securities and corporate bonds. Private sector investors drove flows across asset classes. Japan was the largest net seller of long-term Treasuries in September, on our valuation-adjusted estimates, as the Ministry of Finance Intervened in foreign exchange markets to support the Yen for the first time in 24 years. Our estimates suggest that this was the largest one-month net sale of long-term Treasuries by Japanese investors since the Treasury’s securities holdings data began in 2012(although March 2022 came close). Belgium was the largest net buyer of long-term Treasuries at the country level. At the regional level, Europe and Latin America net purchased long-term USTs while Asia was a net seller’
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!