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Josh Ortner
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Joshua Ortner is an investment advisor at Ortner Capital Management. A tactical long/short fixed income advisor to ultra high net worth investors. Josh studied financial management at Kent State University with specializations in active investment management.
My company:
Ortner Capital Management
  • Treasury Deja vu  0 comments
    Aug 30, 2011 3:58 PM | about stocks: TBT, TLT
    Talking Treasury Technicals

    Treasuries continue their march higher with the 30 Year Yield back to 3.51%. Why is this level on the thirty year so important?

    On August 31st of 2009, the thirty year yield hit an intraday low of 3.51%, before rocketing higher for 160 days to settle at a high of 4.89%.This is a key support level for the 30 year Treasury shown by the chart below.

    If the 3.5% level does not hold on the thirty year, look out below. The last and dier level of support would be the 2.5% level not seen since the Great Financial Crisis of 2008 and 2009.

    How to Trade it

    Almost Year to Date I wrote about why to short treasuries across the board as this 3.5% key level held. The first position would be to long Proshares (NYSEARCA:TBT), or sell Ishares (NYSEARCA:TLT). Along with the TBT trade, I would enter in a stop loss order at the intraday low of $23.35 to protect me from larger losses if that critical 3.5% level does not hold.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TBT over the next 72 hours.
    Stocks: TBT, TLT
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