‘Yields’ Archive

Bonds creating bullish inverse head & shoulders pattern?

  CLICK ON CHART TO ENLARGE 2013 wasn’t kind to the bond market, one of the worst years in a long, long time. The decline in bond prices drove TLT down to its 38% Fibonacci retracement level.  Could TLT be forming a bullish inverse head & shoulders pattern after the big fall? Possible! TLT is [...]

Joe Friday…Two-Thirds chance Bonds rally and yields decline!

  CLICK ON CHART TO ENLARGE The yield on the 30-year bond has created a multi-year bearish rising wedge and is breaking lower support of this bearish pattern above, after hitting its 61% Fibonacci retracement level. CLICK ON CHART TO ENLARGE The yield on the 10-year note has just experienced its sharpest 18-month rally in [...]

Joe Friday…Huge bond ETF needs to hold here!!!

CLICK ON CHART TO ENLARGE Several times TLT has create “Double Bottoms” that was followed by rallies. TLT by well be creating a double bottom at the 38% Fibonacci level at (1) above and momentum is oversold. Joe Friday…it is critical for TLT to hold here, because the next key support level is 10% below [...]