US10Y breaking support. Good entry on bond etf's. Only picking up a small amount to get in the door. ZROZ, EDV, and TLT.
Nice setup in $ZROZ here, could be a long term bottom at play with this weekly signal forming here. Best of luck! Cheers, Ivan Labrie.
$TLT has reached the end of a huge weekly and monthly down trend, and made me think it could be a long lasting bottom for fixed income here. Question is: Does this low hold after the next FOMC or not? The daily chart shows a setup where a daily uptrend is set to expire by tomorrow, which could mean the current advance is over, or, perhaps, it needs some time...
I am monitoring bonds here, as we are approaching the target of a weekly down trend signal that fired recently, while the monthly timeframe trend is about to reach its end. By the end of September, the odds of a reversal in bonds will be very high, while equities are looking like they could crash lower from here possibly, and we could get inflation to come down,...