Just a couple of interesting US bond market observations from your friendly neighbourhood bond bull to close out the week.
1) Long duration bonds (TLT) are still looking like they’re setting up for their next big move higher.
1) Long duration bonds (TLT) are still looking like they’re setting up for their next big move higher.
2) A close below long-term support would be a clear negative, but for the time being we continue to hold.
3) Speculators remain near record short as a % of total open interest.
4) And US economic momentum peaked almost 5 months ago...
5) TIP/TLT is currently into some important resistance levels.
In RSI terms there are several layers of overhead resistance & trend support looks to be broken.
Weekly close is important.
In RSI terms there are several layers of overhead resistance & trend support looks to be broken.
Weekly close is important.
6) IEF/TLT has been rejected at resistance (again) following its cycle peak in Q4 2018.
False breakout?
We closed below the 50DMA yesterday for the first time since August, but RSI has yet to confirm.
Nice RSI divergence though.
Watching all of this very closely.
False breakout?
We closed below the 50DMA yesterday for the first time since August, but RSI has yet to confirm.
Nice RSI divergence though.
Watching all of this very closely.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
