Technically, I can see the case for a pullback in bonds, but I
see bonds / gold / oil like stocks before earnings right now - news
can trump the technicals very quickly & it doesn't seem to be
setting up for being bearish on any of them from that point of
view. Of course that can reverse quickly.
Beyond news, though, there are macro / fundamental tailwinds for
at least bonds & gold.
The two combined make a case for being either long, hedged long
against long equities, neutral or very nimble if you're bearish. I
would not be long equities & short gold / bonds / oil at this
juncture without very tight stops on both sides.
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TBT weekly chart shows long-term
TBT My Daily View
Posted by darnelds on 25th of Jul 2014 at 04:11 pm
TBT weekly chart shows long-term support between 56 and 58.
Technically, I can see the
Posted by a_l_ on 25th of Jul 2014 at 05:23 pm
Technically, I can see the case for a pullback in bonds, but I see bonds / gold / oil like stocks before earnings right now - news can trump the technicals very quickly & it doesn't seem to be setting up for being bearish on any of them from that point of view. Of course that can reverse quickly.
Beyond news, though, there are macro / fundamental tailwinds for at least bonds & gold.
The two combined make a case for being either long, hedged long against long equities, neutral or very nimble if you're bearish. I would not be long equities & short gold / bonds / oil at this juncture without very tight stops on both sides.