TradeStation

Treasury Bond ETF Smashes Into 50-day SMA

NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Bonds have bounced in the last month, but now the bears may be coming back.

The iShares 20+ Year Treasury Bond ETF jumped to its 50-day simple moving average ( SMA ) yesterday. It was the first test of the SMA since the beginning of the year.

Second, TLT moves in the opposite direction as the CBOE 30-year Treasury Bond Yield Index ( TYX ). Yesterday it held an upward-sloping trendline that began on January 4. Also notice how a kicker candlestick pattern may be taking shape, with a quick bounce from the low:


Finally, yesterday’s data could favor more downside in TLT because initial jobless claims, retail sales and Fed surveys suggested the economy is rebounding sharply. The numbers were so strong that the Atlanta Fed’s GDPNow estimate for Q1 growth was revised up from 6.2 percent to 8.3 percent.

TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.

Comments

Very nicely done, great analysis. The US10Y yield just saw support at its 50DMA, so looks like it’s time for the bond bears to show up, and for the 10Y yield to rally to 2%. Will it be enough to bring entire the house of cards down, though? We’ll see...
Reply
great work
Reply
Nice analysis
Reply
Thanks for sharing
Reply
then will give the same impact to stock market when the probability happened right ?
Reply
nice findings
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out