Here is another way of viewing the move in bonds last week.
This is from Chris Ciavacco -- it follows weekly bullish MACD
crosses in TLT. Only one time in the last six years did it
fail to confirm a multi-week pullback in stocks (the
transition/bottoming period in early 2009). Otherwise, the
strong move to defensive assets (bonds) has always signalled a
medium/large sized pullback is imminent.
next week will be interesting, maybe the commodity trade will be
on again...and the oldtimers that depend on exports like CAT will
take off from here. time will tell!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Strength in bonds
Posted by kalinm on 4th of Apr 2013 at 05:27 pm
Today was an especially strong day for bonds. In the last 4 years, bond yield breakdowns have done a pretty good job at marking tops in the $SPX.
Here is another way of
Posted by kalinm on 6th of Apr 2013 at 08:13 am
Here is another way of viewing the move in bonds last week. This is from Chris Ciavacco -- it follows weekly bullish MACD crosses in TLT. Only one time in the last six years did it fail to confirm a multi-week pullback in stocks (the transition/bottoming period in early 2009). Otherwise, the strong move to defensive assets (bonds) has always signalled a medium/large sized pullback is imminent.
fed probably has no choice here but to deflate the dollar again
Posted by morton13 on 6th of Apr 2013 at 12:04 pm
next week will be interesting, maybe the commodity trade will be on again...and the oldtimers that depend on exports like CAT will take off from here. time will tell!