DailyPlay – 20+ Year Treasury Bond ETF (TLT) – October 15th, 2021

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The bearish DailyPlay for Friday, October 15th is 20+ Year Treasury Bond ETF (TLT). TLT has experienced a 3.84% decline in the last month.

Technical View

• A recent decline below a major $146 support level, currently resting $146 as new resistance
• Technical Score that has rapidly declined to 7 out of 10
• Bearish 1M and Neutral 6M trends

Fundamental View

• Fed minutes this week showed a strong probability of taper in Nov
• Several participants preferred raising interest rates faster than market anticipated timelines.
• Inflation metrics continue to outpace initial forecasts. 

As this is a Credit Spread, look to take profits at 50% and cut losses at 100%:

• Take Profit: $0.75 Debit
• Stop Loss: $3.00 Debit

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