‘Govt. bonds’ Archive

S&P, Bonds and Utilities each create reversal patterns!

spx bullish wicks tlt xlu bearish wicks mar 1

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Two times in the past 7-weeks the S&P 500, on  a weekly basis, has created bullish reversal patterns (bullish wicks) at 2-year horizontal support.

At nearly the same time, interest sensitive Government Bond ETF (TLT) and Utilities (XLU) have created bearish reversal patterns (bearish wicks) at resistance lines.

Potential message …

Bonds in trouble, after creating this bearish pattern?

30 year yield inverted top in bond prices jan 17

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The above chart looks at the yield on the 30-year bond, from an “inverted” angle. Why invert the bond chart? This way it looks like bond “price.”

The 30-year yield (inverted) has peaked along line (A) a couple of times over the past 8-years. Last week a large reversal pattern …

Interest rates about to blast higher from here?

pushingoldcarpic

We’ve been hearing over and over for months if not years, that the Fed was going to “push rates higher.”

Do billions of free thinking people have anything to do with where rates go from here? We think so!

Below looks at the yield on the 30-year bond over the past decade.

30yearyielddualresistancetestnov11

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