The weekly chart on the Bonds is developing a signal. No matter what direction the wedge breaks we expect a 6-10 week move. Keep this chart front and center on computer.
Target #1 is in the books but there was a nasty reversal and it looks like the rest of our trade is in jeopardy. We will honor the stops.
We are in the Trigger Zone on the Notes and will be watching short term time frames for a trigger short. If we get the trigger then our final target will be a break of the lower wedge. REMEMBER: NO TRIGGER, NO TRADE!
30 Year Bond Chart...see the Notes post. Link below.
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three arrows" economic policy fails to push consistent economic expansion. Japan's economy shrank 1.6 percent on an annualized basis with falling exports and contracting...
Running Alpha Capital Markets observes that higher rates are not always a headwind, as the not too distant record shows that the electric utilities group can outperform and offer a margin of safety. During the last period of higher rates, from mid 2004 to mid-2006, the FOMC hiked rates 16 times, and despite these incremental actions, electric utilities actually...
With speculation over interest rates, TLT is hitting a ceiling for a second time. The .382 Fib line (in yellow) is prominent and the presence of the 200-day moving average (black moving average) make up a double resistance level. For a little more analysis and news check out our website! ttp://ht.ly/QISg0 Cheers, Enhancing Capital Team