Corporate Bonds Are Cruising

Corporate Bonds Are Cruising

After mounting a powerful rebound off the 2018 Nov/Dec lows the LQD(iShares iBoxx Investment Grade Corporate Bond ETF) ran into a wall near the $116.50 area.  The LQD has spent the last six weeks tracing out a narrow consolidation just below this zone.  Today this...
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...
After The The Selling Wave

After The The Selling Wave

Stocks experienced a dramatic sell off in December.  Bonds were also under extreme pressure as negative sentiment surged to levels not seen before.  What followed?  Through seven sessions in the new year the S&P 500 Index is off to its best start in 13 years....
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...