Long term US Treasuries - A buy, for now...

CBOT:US1!   T-Bond Futures
As we fast approach the typical seasonal top for the North American economy it shouldn't surprise us to see the anti-equity-market proxy (bonds) start to look more attractive. While I am not suggesting a trade (low reward to risk ratio on setup prevents me from considering the idea) , I do respect the fact that we may see a nice rally from current levels. Three justifiable reasons suggest to me price wants to revisit the low 140 area in the not too distant future. 1. Inverted Head and shoulders price pattern target (outlined on chart). 2. Optimal Short Trade Entry ( OTE             ) zone currently about 144 to 148 . 3. Gaps near 143 & 145 need to be filled. Put it all together and I can comfortably understand a bond market rally - but as previously mentioned, because reward is about equal to risk I simply can not justify taking a trade....

Cheers all and I hope my simple analysis is of benefit...

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Seems Main Street (and the talking heads) are now waking up to a fact we knew a month ago....deflation is our big threat now NOT inflation. Take a look at this latest 'news'
Are US Treasuries inversely proportional to the USD?
+1 Reply
CRInvestor FaultyKid
not at all
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