A Top For The Long Bond?
Just an observation here, but I am seeing some negative divergences that may be signalling at least a short term top may be in for bonds. Rising price with lower volume, less strength in the RSI, momentum failing in the MACD, and now an island reversal day. These are usually not good signs...
Will Rising Gold Prices Break The Bond Market This Time?
The last time gold prices spiked in the late 70s, the US bond market came close to spinning out of control. Folks like my dad thought the system was about to implode. We know what happened. 30 Years later, we're asking each other if this time rapidly rising gold prices will crush the bond market.
US Long Bond Double Top Fractal
I posted this pattern at the beginning of October and it has played out perfectly so far. It's been an extremely profitable trade trading the front month puts on ZB futs. This week we saw a hugely bearish outside bar. Price went higher & lower than last wk.
US Bonds Gains In Terms Of Dollar Purchasing Power Parity
Bond gains the last 10 years are deceptive consider the dollar has lost a tremendous amount of value during the past decade. In terms of purchasing power parity, they have been a lousy investment in my opinion.
TIPS Diverging From Gold? Confidence In US Promises Waning?
TIP follows GC. This divergence is now extreme. What does it mean? Is this chart telling us that the US Government is on the verge of a bond rout across the board? This could be our first clue that Martin Armstrongs public confidence meltdown has begun in earnest. /Sabre
Long Bond Bear Flag On Hourly
The bear flag measures 121 1/2 - its now trading at 126 19/32. It's hard to believe it could fall that much over 10 trading days or so, but that's the PO of 4 reversal point bear flag if it breakouts out of the bottom of flag.
US Treasury 30 Year Long Bond Double Top Fractal - Weekly Chart
Just an update of this weekly chart. Bonds are lower overnight in front of an important UST 30yr bond auction today at 1pm EST. On a technical basis, the bond is not close to oversold on a daily/weekly/monthly basis. We have clear double tops in place and the LT moving average is far below.
10-Year US Treasury Note Price - Weekly
The UST 10yr looks vulnerable to a clear reversal here at what I'm calling a double top. We have negative divergence on the weekly RSI and the MACD has turned south. 13 week MA is critical for longs to hold.
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