The SPDR Bloomberg Barclays Long Term Treasury ETF (TLO) met our $74.50 per share upside target today, first mentioned in our August 14th Keys To This Week report (access requires subscription), to capture a $1.92 per share, 3% advance in about 3 weeks.
TLO outperformed the S&P 500 (SPX) by 2.6% during the same period.
Note that price targets being met do not necessarily mean that the directional move is over — only that our initial expectations have been met.
Here is the chart that appeared in our April 14th report.
Here is the updated version of that chart through this morning.
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- to let Asbury Research subscribers know when to consider taking profits on existing positions,
- to let non-subscribers track what we are doing in the market, in real time, and
- to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.
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