BATS:TLT   Ishares 20+ Year Treasury Bond ETF
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Bonds, as measured by the TLT , have finally showed signs of bottoming with the breakout above the pink trend while also confirmed by RSI . Considering stocks and bonds have had a strong negative correlation since 2008 (deflationary periods cause inverse correlation, while inflationary periods, such a the 1990's saw positive correlation between these asset groups).

Bonds are usually leading, which sets up quite nicely for this end of quarter ramp with the S&P trying to eke out an all time high. This is a strong caution signal for a sell in May scenario.

Copper broke down a couple weeks ago out of a symmetrical triangle as well, so beware all the cheer leading. Trade the price action, but know the bigger picture, as of today, is signalling a pullback coming late spring / early summer.

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