|Simple Trading Ideas||
As stocks lost traction so far this year, investors turned to long-term treasuries for better performance. Treasuries especially long-term treasuries performed much better than the S&P 500. The daily chart below shows TLT, the iShares 20+ Year Treasury Bond Fund ETF with On Balance Volume in the indicator window along with price relative to the S&P 500. OBV started to show a bullish divergence from September, 2013. Starting this year price relative has been showing that TLT clearly outperforms the S&P 500. Early March there was a golden cross, the 50-day moving average crossed above the 200-day moving average, which confirms that investors have more confidence in long-term bonds at least until stocks find a firm support.