The weekly (left) chart for LQD shows a significant lift from $78.00 in 2009; topping around $124.00 in 2012; and moving sideways in a slightly contracting wedge since. The boundaries of the wedge pattern offer technical trigger considerations when reached (highlighted with solid orange). The market is currently on its way to the lower support […]
Looking very similar to JNK, HYG has also been in a consolidation after a lift from the lows in 2016. Here too we can mark the highs and lows of the recent movements and use them for technical trigger considerations. Once these are moved through, there is a potential to see a significant move, up […]
Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
Market Road Maps, TNX Road Map
Weekly: The last time we updated the TNX we were watching for a potential move lower to fill a gap (yellow highlight). This occurred, and the market now sits at several significant technicals. The pattern for the lift since June 2016 could be seen as a potential expanding wedge, with the market currently sitting at […]
“Head And Shoulders” Showing In Many Treasury Charts In his latest slidepack, BofA’s chief technician Paul Ciana sees nothing but head & shoulder reversal patterns in virtually every currency pair and rate chart: i.e., the unwind of “Trump trade.” As he writes in a just released note, “many US dollar and euro crosses, US rates, US […]
Another Reason Not To Sell Bonds…Yet As I penned last weekend: “If the market corrects, OR the economy hits a speed bump, OR something happens in the Eurozone, OR…OR…OR…the covering of short positions in bonds will cause an extremely fast drop in yields. Sure, anything can happen. If yields on the 10-year Treasury break above 3% it […]
Market Road Maps, TNX Road Map
TNX has recently broken from a long term weekly pattern (blue s/r, wedge pattern resistance) and we are currently watching the degree of pull back. There is potential for a drop back to the larger weekly pattern to retest the s/r that has been broken out of. An initial break of 2.3 offers potential opportunity […]
Market Road Maps, TNX Road Map
WEEKLY View: A long term descending wedge pattern can be seen coming from the left of the chart; this has recently been violently broken through: the lift can be seen to reach significant pattern resistance. The last few weeks have seen the market fall off slightly from the recently made high, dropping back in to […]
