Almost a month ago I shared the chart below, reflecting that “Sugar” has been a good indicator per the future direction of interest rates. (see post here) CLICK ON CHART TO ENLARGE Below is an update on the Sugar/30-year yield chart. CLICK ON CHART TO ENLARGE Sugar and the yield on the 30-year bond have both [...]
CLICK ON CHART TO ENLARGE 7-10 year bond (IEF) and 20-year bond (TLT) both created inverse head & shoulder patterns in the above chart, which was reflected in the quiz below, suggesting a “Head & Shoulders top in yields” was at hand. (see quiz post here) CLICK ON CHART TO ENLARGE Now IEF & TLT [...]
CLICK ON CHART TO ENLARGE Long-Term yields remain inside of a very uniform falling channel, continuing a series of “lower highs.” The 10-year continues to create a series of “lower highs” as well, bringing yields down to a level/support line (1) that has been pretty key per the direction of stocks the past couple of [...]
The “Power of the Pattern” suggested a few weeks to own bonds (see post here). Now a breakout in bond prices looks to be taking place! CLICK ON CHART TO ENLARGE This breakout in bonds suggests that a flight to safety has been taking place over the past few weeks! Are bonds doubting that inflation is an immediate concern? [...]
Some well known/very smart people are suggesting that bonds are not the place to be. Some are even shorting them! The chart below was last weeks quiz, where the “Power of the Pattern” was suggesting to “Buy Bonds” due to…. strong falling resistance was at hand and a possible “head & shoulders” top in yields looked to [...]
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