- Technical Market Commentary -

November 17, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — The iShares Barclays 20+ Yr Treasury (TLT) rallied on Tuesday, November 16. However, TLT had already broken below an important support level when it closed decisively below $95.45, which was the 61.8% retracement support level for the entire April-to-August rally.

The 61.8% level is considered the critical one. A decisive break below that level typically results in continued declines to the prior lows. In this case that would be down below $90.00 per share.

Should TLT advance and close decisively above $98.00 per share, this forecast would be in doubt. But until such a move materializes, we anticipate lower lows ahead for TLT.

The FirstAlert(tm) Morning Digest lists economics calendar events, earnings announcements, financial community conferences, company presentations and more. Go to http://www.financialwire.net/2010/11/17/fa-am-digest-30/ for today’s The FirstAlert(tm) Morning Digest summary.

(Go to http://www.financialwire.net/2010/05/01/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby for more of Kollar’s commentaries.)

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