JC Parets’ Chart Alerts | Trade Stocks

Chart Alerts

Actionable insights from the world’s most data-driven market analyst.

Featuring Author JC Parets, Founder of All Star Charts

US Treasury Bond ETF ($IEF)

Hey everyone, We’ve seen a bit of a bounce lately in the market, but don’t be fooled, we are in a bear market. I’m still not sold on stocks right now. That’s why this week’s trade recommendation is the US Treasury Bond ETF ($IEF). We’ve talked about IEF before. A few months ago, we got into IEF with a target of $123. Since then, we’ve seen healthy consolidation in IEF. And because we’re seeing a consolidation, this could go either way. If IEF goes up, we’re in long above $123 with an exit of $138. Now, this is a smart play because it’s hedging your portfolio against a drop in stocks. Here’s the thing… The trend is still up for bonds, so …

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