CLICK ON CHART TO ENLARGE Government Bond ETF (TLT) has rallied over the past 12 days, after falling 10% in less than 2 months. Did a bearish “Head & Shoulders” top take place in TLT over the past couple of months? Possible, yet too soon to tell! The rally over the past 12-days has TLT [...]
CLICK ON CHART TO ENLARGE TLT created a rather large bearish rising wedge at (1) and broke below this patterns support line. A potential bearish “Head & Shoulders” topping pattern looks to be taking shape. A “Lower Right Shoulder” may well have been formed on the rally of late. For this pattern to come true [...]
CLICK ON CHART TO ENLARGE Interest rates on the 10-year note have been creating a bullish falling wedge over the past few months. Of late the yield on this note is breaking from this bullish pattern. TNX is swiftly moving higher! Even though the stock market is moving higher, over the past 10 days…shorting bonds [...]
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