TBT had a long term breakout last November. Looks like it is working on a re-test. A close about $43 might be a game changer (to confirm the death of bond bull market). It is still too early to make the call.
My reading is that a correction (and maybe a bear market, or even worse) is approaching, as the chart simple has already been in its extreme.
Might not be time to sell just yet but not a good time to buy when a chart looks like this.
Current chart pattern looks very similar to 06/1999. Basically a breakout may lead to 120 level and a breakdown may lead to 85 level. So we will have to look at it carefully in the first quarter, as it will affect all asset classes.
So far the odd is still in favor of a breakout (until all supports break down, if ...
Overall trend is bullish, but a correction from overbought to 40 week MA is very likely. Note both MACD and RSI are facing long term resistance. Might be a good 2 to 4 months of window for global stocks, commodities and precious metal, before the bullish trend resumes (if it can).
November is ending and GREK is able to meaningfully close above 10 month MA the very first time since mid 2014. It made a higher low last month, and its trading volume began to pick up. MACD is positive. RSI still needs improvement (like to see it goes above 45). Also want to see it making a higher high (close ...
Market on edge. If no year end rally, the new year is going to be really interesting.
An observation on 10 year rate: during 2000 - 2003 bear, 10 year dropped from 6 to 4 (roughly), during 2007 - 2009 bear, 10 dropped from 4 to 2. Right now 10 year sits at 1.81. if a bear is coming, can it drop to 0? We will have ...
TBT had a great run for the past several months and is now at resistance. Note the dominating trend is still down.
We need to see a breakout, a higher low, and a higher high to confirm the trend change.
Given the uncertainty of bond market, IMO mining stocks might be one of "safe heavens" if stock market is in trouble.
The ration was not able to capture May high (so it made a lower high in October). It is now turning down again. Note the decisive downward pointing 40 week MA.