10 Year T Note TNX 'Nothing trends like long term rates' is perhaps one of the oldest stock market adages there is, along with 'buy the rumor, sell the event'... Things don't change much because people don't change much at the core, beneath the veneer. Fear and greed affect us just the same way that they affected our fathers and grandfathers, pretty much. The...
TEN year T Note: TNX The Super Long-Trem Trend in Rates - Right Side/Wrong Side Ms Yellen is scarred by her being accused of messing up the markets in mid 2015 and causing a 6 month 21% decline (nothing to do with her in fact, it was more to do with Nasdaq double topping in mid 2015 at the old 2000 cycle high - exactly same time from high in 2000 to the high...
This is a short term sell opportunity on the 10 year T-Note. However the bigger trade is a buy to test the upper structure line. If price behave as expected, I will post the trade for the buy. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Bill Gross from Janus Capital tweeted that he expects the the spread between the German Bund and the US 10y T-Note to fall dramatically. In my technical view, the spread has formed a head and shoulders and we could see a breakdown below the neckline. Then it would be off the races!
Completing wave V. Alternative scenario: Wave 3 is wave V and wave 4 is wave A
The yield on the US TNote 10-Year remains in a long term downtrend channel, looking to complete it's down wave (3) of V towards 0.70%. A break above 2.20% would invalidate this trade and a break above 3.04% would invalidate the whole bearish pattern.