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 [...]
CLICK ON CHART TO ENLARGE Yields created a rising wedge up against resistance at (2), which was followed by falling interest rates and stocks. Yields have created a flag/pennant pattern up against resistance and yields are acting a little softer/weaker the past few days, as both are up against resistance at (1). Watch rates closely…if [...]
The 4-pack below represents different types of bonds with one thing in common….All are testing key support lines right now! Support is Support until broken! Yields on the 30-year bond HAVE NOT broken the key line at (1) for 17-years! If this line does break a major trend change for bonds is at hand! [...]
CLICK ON CHART TO ENLARGE Bond relative strength remains in the hands of the high yield funds/etf’s, compared to many other types of bonds. I have continued to suggest the high yield bonds for months and until prices break support and moving averages, the high yield funds remain my favorite bonds to rent! High yield [...]
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