In the Monday, October 9 Barchart article, I wrote:
While the war in Israel and the potential for a widespread Middle East conflict could cause U.S. bonds to recover, the trend remains bearish. Critical technical support for TLT is at $80.51, the May 2004 low. Even the most aggressive bearish markets rarely move in straight lines, but the bond bear is approaching its fourth anniversary, with the trend picking up steam over the past weeks. The recent slide could mean a bounce is on the horizon. Fighting the bear is a contrarian approach that requires a prudent risk-reward approach and discipline to guard against getting financially mauled.
