US Treasuries and TLT rise in resumed uptrend -

US Treasury bond prices rose instead of downtrending - so it looks like they are resuming their prior uptrend. Last week I tweeted about dumping my TBT because TLT was moving back over its 50-day MA. That suggests that these bonds will still try upward for perhaps a 50% retrace of their drop. That suggests $USB to $127.50, and TLT to and above $101. I also noticed that the selling volumes in TLT off the high weren't so massive - another reason to give these bonds benefit of the doubt here, above their 200-day MA now too.