Bond(IEF) Update

Bond(IEF) Update

The IEF Index(iShares Barclays 7-10 Year Bond ETF) is dipping below last week’s low this morning.  Last week the IEF posted its best daily close of 2019.  The $107.00 area, which has now capped the March and May highs, is looking rather ominous.  In the near...
Bonds Look Toppy

Bonds Look Toppy

Bonds have backed off quite a bit from the highs of the week.  This morning’s solid GDP numbers are certainly adding selling pressure.  The IEF(iShares Barclays 7-10 Year Treasury Bond Fund) is tracing out a key downside reversal on the weekly chart.  The...
AGG Update

AGG Update

Bonds return to trendline support.  The $AGG(iShares Barclays Aggregate Bond Fund) has backed off a bit since last week’s powerful surge.  The index is sitting just above initial support now.  This area runs from $106.50 to $106.20. 
AGG Update

AGG Update

The iShares Barclays Aggregate Bond Fund continues to rally.  The index is working on its 5th straight higher low and is heading for its best close since April 11th.  The December 31st breakout was quite powerful leaving behind layers of support in its wake.  The $AGG...