TBT Ultrashort 20+ Year Treasury Bond Fund Weekly Chart

TBT is the inverse of treasury price ETF. Thus, as Treasury price moves down, yields up, TBT moves up. TLT moves in the same direction as Treasury prices while TBT moves in the same direction as Treasury yields. The previous TLT chart is a daily time frame but this chart moves to a weekly time frame. Thus, corresponding to a potential move back up in TLT in this short time frame (think days and weeks), TBT should move lower which would be represented by the first black line in the right margin. Support at 20-week MA looks likely.

The green lines are all long and strong indicating that TBT will want to see another high moving forward (think weeks and months). Projection is a test of the top rail of the blue channel, perhaps as we move into summer time, then the chart will be revisited to see if any negative divergence forms, or, if the bond bubble is popping this year which would lead to TBT flying higher and TLT lower. Like TLT, TBT does not provide an attractive trade right now. Perhaps if the pull back occurs a long TBT position may be possible with the test of the 20-week MA. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.