Bonds Slipping

Bonds Slipping

The long end looks overextended. The TLT(20+ Year Treasury Bond Fund) is leaving behind an ominous spike high at last week’s peak. Last week the index set a new 2019 high as the rally off the 200D moving average(March low) extended to 13%. This week the TLT is...
“Roaring Back”

“Roaring Back”

June employment numbers came in better than expected. The Lede: Economists said Friday’s June jobs report showed a labor market that was “roaring back,” with the U.S. creating 224,000 jobs, easily beating the 170,000 forecast. More:  “The strong June jobs numbers...
Ten Year Story

Ten Year Story

The Ten Yield Index has not closed below 2%(weekly basis) since 11/4/16. The TNX(CBOE 10 Year Yield Index) is at new lows for the year. A weekly close below 2% would mark the lowest close since the week before the 2016 election(11/4/2016). The 10 Year Yield is now 40%...
The Long End is Extremely Overbought

The Long End is Extremely Overbought

The TLT(iShares 20+ Year US Treasury Bond Fund) has not been this overbought(based on RSI in multiple time frames) since the end of 2008.  As 2009 began the TLT dropped 25%.  In 2016, when TLT again reached similar overbought readings, the index fell 20% by the end of...
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...