TLT is breaking higher from both it's descending channel off January 2015's high and the Right Angle Ascending Broadening Formation (RAABF) it has been consolidating H12015's slide since early June. This dual trend line breakout occurs after a pivot from the Potential Reversal Zone at 115.50-116 of TLT's 10-month Bullish Bat. On this basis, TLT is poised to...
Looks bullish. Possible resistance: $120, $123, and $125.
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
Watch MACD for bullish xover.
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
Still bottoming as we need a higher low and a flat or up pointing 10 MA. RSI diverged from price which is a good sign. MACD is about to go positive.
Oversold on daily chart. Counter-trend rally (short term) is likely and may target $126 level. Wait for breakouts for confirmation. If blue resistance cannot be cleared, any rally should be sold and should be used as an opportunity to short long bond.
The break down in the long term trend line of HYG/TLT that occurred in December is currently being back tested. If the breakdown holds, this will mean Treasuries are set to outperform HY. Reversing the under-performance of treasuries to High Yield that started in February. A quick move to $88 from current $90.35 on HYG would not be surprising.
No doubt it is bearish. However 1. If blue support can hold this week, short term trend can change in favor of it (like 3/2012 case). 2. if it can go above the pink line, that will be bullish and can possibly challenge previous high. 3. If blue support breaks this week, further down to $110 level is likely.
If blue support breaks, 0.764 Fib may be next major support ($110 level). However I think there is still a chance for it bounce up from blue support and even retest previous high. We will see.
Consolidating for the past 4 weeks! Might be a small bulls flag at work. We will see if it can breakout next week. A breakout with a positive MACD and a RSI going back above the trend line will be a buy signal.
Lately I’ve been hearing the word deflation everywhere, in the financial media, mainstream media, local tv stations and newspapers. It seems that deflation has entered the mainstream and even the proverbial shoe shine boy is talking about it. To me it looks like there’s a trade in there somewhere. To avoid basing a trade solely on anecdotal evidence and my...
Nice rebound for the past two weeks, and now faces red line resistance.
All indicators are saying we are good! Expect it to have some resistance at the red line and potentially pullback some for forming a right shoulder. Price actions of the past several days showed that bond market does not fear the Fed meeting, and does not expect Fed to be hawkish. We will know if this is right very soon.
Its RSI and MACD diverged, but facing double resistances (blue lines). Will be a buy if it can close above those blue lines plus a positive MACD.
As always, a work in progress. But I like looking at these charts. I've started to add notations on each chart such that my own interpretation is more clear. Again, the concept is to look for signs of rotation to safety. As such, we look at rotation out of small cap (risky) stocks into large cap stocks via IWM/SPY; rotation from growth into dividend (SPY/PFM);...
TLT lost around 11% so far from its all time high. MACD turned negative, RSI broke support. Price uptrend is intact if the red support can hold. Fundamentally I believe this is a technical correction instead of the start of a bear market, and thus next leg up is still possible (pending how it acts on the red support, hold or break). The reason is Fed simply...
Three weeks ago T-Bond saw this level. Likely to penetrate. Next level is a revisit to 140 not seen since Nov 2014. Note the high level excess supply signals in late Dec.