Bonds are ready to to break. We are buying any long signals on the shorter time frames. If the Bonds break higher look for the pressure on the indices. Look at your Weekly charts and you will see that if the break occurs they can run a long way before meeting resistance.
Time to short yields. Trajectory on reduction of LSAPs is what's important now, Not the fact that they're reducting, that's priced in and happenin. It's going to be data dependent, which means we're in for another round of this psychological waterboarding of strong highly opinionated market views. This combined with big positioning to the downside for bonds, i.e...
30-Year T-Bonds have broken out of their descending trading range. The measured move from this breakout targets the 137' region. Old resistance is new support at 132'-133' where both trend line and 50 SMA support resides.
30 year bonds as well as 10 year bonds have been under pressure. It's overshot, and about to abate imo. If you look at the ZB/ZN ratio, you can see, (much better) the very well defined support bounce.
Inflation! All Around the Globe..
US Dollar Decline as China Becomes Importer in 2013-2016
Bloomberg - China will curb its reliance on exports sooner than the U.S. can cut its budget and external deficits, removing a support from the dollar that will unsettle currency markets, Morgan Stanley's Stephen Roach said. "In the next three or five years China will move...
The pattern I had posted in early June is coming along nicely but without the directionality that I had in mind, but the trading profits from selling strength and buying back on weakness has been nice, to say the least. As I perused this chart I decided to highlight the 5-day range with a yellow box and point out how the market has broken out of that range twice...
I thought I would publish one of my charts where I am just working out the details and highlighting various things.
I truly enjoy how markets move and I am constantly fascinated by the way our minds adjust to information and the way we change our minds.
