I have been tracking the 7-10 year bond fund for a while, because it has been hammering out one of the well-formed and massive bullish setups I’ve ever seen. In recent days, the pattern has finally completed, and on top of the fact this thing throws off a 4% dividend anyway, I think its value has a bright future.
Just to put a stake in the ground, I think a target of $109 is reasonable, which is roughly 10% higher from these levels. I know that’s not the kind of projection that will curl people’s toes, but c’mon, this is a treasury bond fund, and that profit would be nothing to sneeze at. I’m hanging on to this one.
