UPDATE: MISSION ACCOMPLISHED >> “ChOTD-1/16/14 $MUB (Munis): breakout suggests move to 109”

In our 1/16/14 ChOTD, we noted that Fibonacci stars were aligning in the iShares Munibond ETF $MUB. A breakout, we stated, above the 105.7 level suggested a move to 109. 4 months later…mission accomplished:

That may seem slow-moving, but for a bond fund, that’s pretty fast. It also does not take into account a healthy yield that would have added an additional 1% to the return over that time.

Fibonacci can be uncanny and beautiful at times.