The above chart represents the market. This chart consists of BTC, NASDAQ, OIL, GOLD, and the interest rate. We see a clear head and shoulder pattern with the neckline still intact. However, will it hold, and if it breaks, where will it go? Is the bubble finally about to pop? Will we go down 30-70% more?
We experienced high volume selling this week and high...
Rates have come in quite a bit of late with the recent global growth fears. Look for them to bounce back as the slowdown in global growth isn't as bad as initially feared.
On December 20th I posted an idea for a long position in AMEX:TBF based on the likelihood of the asset breaking out of its long-term downtrend and short-term wedge pattern. Here is the link to the original idea:
Today this breakout is taking place and I am initiating a long position in TBF. Given the technical backdrop and the fundamental/economic drivers, I...
AMEX:TBF is poised for a major breakout of its long-term downtrend channel short term bullish wedge. As interest rates continue to rise, TBF is poised to benefit. Both the fundamentals and the chart are beginning to align. I will be taking a position in TBF sometime this week.
We have ended (as of Dec of last year when the Fed announced QE3, and rates went up from there), a 30+ yr bull market in bonds which began in Volcker's reign, when friends of mine were able to buy MA municipals at a 14% yield. Who knows what affect this will have on stocks? My guess is negative because this entire recent recovery in the market is based on a...
NYSE Arca
