TLT - Lemmon / Royer 714Quaaludes.
Stumble Cookies as we used to refer to them.
Half a dozen in a pitcher of Beer and it was down
to the ground.
Ah, the good old days, when Mommy's suffering from
manic depression we're Sub'd these little ones.
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Bond Vigilantes might be suffering from Sopor Ingestion.
If so, please - the hookup.
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The Degen Class of 007s has never quite learned the game.
Rip it up, move down
Rip it up, move it down to the ground
Rip it up, cool down
Rip it up, don't hang me on the borderline
On the edge of oblivion
And all the world is Babylon
And all the love and everyone
A ship of fools sailing on
(Wang Chung )
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No matter we'll continue to take their Bacon and eat their
Cake. Everything is better bacon-wrapped.
Even Cake.
Sweet and Sour.
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After dismal 13 / 26 week auctions.... 2's and 5's sheet the bed as well...
7's had a rough day... less than 50% uptake on JunkCo Gov Bongs.
Savage X Fenty, we're surmising.
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Our favorite Velociraptor is back... toothless and starving ever so
slowly. Wondering why the Dolt O' Whirl is imploding again.
Looking for a "Massive RT!"
A quick review of Dino's revisionist Track Record who was Wildy
Hog Calling 180 for TLT and buying every Dip...
T-r-X
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Sep 9, 2021
Wrong boy is wrong.
T-r-X
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Sep 10, 2021
@HK_L61, US treasuries are still cheap.
T-r-X
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Sep 14, 2021
@HK_L61, TLT is actually AAA quality government bonds (not junk).
Btw JP Morgan is a large buyer of US treasuries.
"Jamie Dimon says he wouldn't touch Treasurys with a 10-foot pole at these rates." Just do the opposite.
I will enjoy seeing you lose money.
T-r-X
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Sep 15, 2021
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TradingView for Android
I allocate between SPY, TLT and cash (DXY). I don't use options.
T-r-X
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Nov 9, 2021
How's your short going?
T-r-X
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Dec 29, 2021
@jscheurichiv, JP Morgan wants them.
T-r-X
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May 12
@HK_L61, Still convinced in my 30 year US treasuries position. 30 year yield will drop to around 1%.
T-r-X
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Jan 19
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TradingView for Android
@HK_L61 Nothing changed. Your calls were all wrong.
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Losers lose, Winners Win - T-REX Wrecked.
TY for your $.
xoxo - Hunter Killer
TLT
Can 10-Year Notes (TLT) Recover From This Sell-Off?My answer is most likely. Technically we will see 110.96 hold (GREEN) and make a push higher above 111.26 & 111.72.
Fundamentally, it's likely we have peaked in terms of inflation. Many measures suggest that is the case and sentiment is skewed towards being too bearish on Notes/rates. Certainly a contrarian play, but not just for the sake of being contrarian.
Consumer Sentiment - 10 AM ESTThe 007s are back, we know full well what that means.
Gap to Trap the Safety Trade Baggies again.
They never learn.
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CDs - 3/6 Months @ 2.10 and 2.20, Yr @ 3.30, 4/5Yr @ 3.40....
If ya believe, load the woodshed.
Prior to making the same mistake for the 4t time, ask yourselves
one simple question - why are these not following the decline in
Yields?
For the gang who couldn't shoot straight - answers are never a
clear target.
We'll continue to take the Bond Ape's Bong Money.
Toke up Dino and crew, we're hunting you.
TLT bottoms in weekly hammer & divergence;but 108 still possibleTLT may have already bottomed out & the US10Y topped out with weekly hammer candles. TLT may find equilibrium at 132, my inflation pivot zone while US10Y may stabilize at 3.6% inflection point retesting its upchannel.
TLT is now completing its M-pattern & has just entered my bullish BUY ZONE at 114 to 120. DCA Dollar cost averaging up from this point presents a very good risk-to-reward ratio.
MORE DOWNSIDE? TLT may still go down to retest 108 where it bottomed multiple times in the past.
Inflation expectations are slowing & the economy is starting to contract with oil & commodities turning down last week with investors pricing in a coming recession.
Not trading advice.
Takuri Line : reversal sign.Alright, interesting candle on the one week on TLT :
In my opinion this is a Takuri Line. The body is small and the close happens near the high (I am not 100% satisfied with this classification since it has an upper shadow but it is 16% of overall candle). The lower shadow is more than three times the body length (3.37). So it fits the takuri line definition.
It happens at an extreme low - lowest point in over 120 weeks - which would also be a good environment for the Takuri line to appear. It is statistically a solid reversal candle.
If we gap up tomorrow and finish above 116 in the next three weeks we could be setting a new up trend that leads us to 132 - 133.... (we couled retest 108)
IT IS VERY BULLSIH - I know. I think macro factors favor a more bullish bias...
we'll see.
Good luck.
US10Y making H&S topping pattern with long weekly hammer?US10Y TNX may be topping out. It is both a measure of economic activity & inflation expectation. So is the economy starting to slow down or is inflation slowing down shortterm? It will take years for inflation to come down. If the FED can pull inflation down to at least 4% in a soft landing, it will already be a big success. Stagflation (rising inflation in a slowing economy) is still a big risk, which may take years to recover. A hard landing & aggressive rate hikes may be devastating for stocks but the economy may recover faster. More pain more gain.
A topping TNX will be good for TLT bonds & growth stocks. Next supports are 3% & the H&S neck at 2.7%. A measured move for H&S may take TNX to the yellow 2% upper pivot zone, retesting the blue wedge or maybe to retest the big red downchannel from 1981.
Not trading advice
Leading Indicators are very BearishThe JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities.
The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities
The DJT ETF ended on a recent low too -> Bearish for equities
The VALUG has a bearish candle for more downside -> Bearish for equities
The TIPS ETF bearish marubozu ending on a YTD low-> Bearish for equities
The TLT ETF is diving -> no flight to safety, just selling.
The VIX is coiling -> bearish outlook for equities, more volatility incoming when it spikes!
The HG1! copper futures ended on a strong low for the week, and will be attacking support. Expect failure.
Overall, very Bearish bias on equities for the next couple of weeks, and at least until the VIX spikes very hard before retracing (it is only coiling now...)
Yields / Fed Funds / Rates / Inflation / 007s / TLT / ZN / ZBYou can't fix silly.
You can't fix stupid.
The Bond Market isn't going to fix anything, it assures ruin.
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Buy the Dip hasn't quite worked out.
TLT will head to Sub 52.
You were warned long ago exactly what is happening would.
And explained in no uncertain terms exactly why.
DX back to 125?
Yeah... it's how you end up in ruin. Europe first.
TNX Yield times 2.81 - follow along or lose.
$TLT weekly on watch$TLT has seen multiple touches of the 114.30 level that have resulted in a reversal. Would keep your eyes on $TLT heading into the weekend. This Bond ETF Offers Bears An Alternative due to its inverse correlation to the SPDR S&P 500 ETF Trust (NYSE:SPY). The fund tracks a market-weighted index of debt issued by the U.S. Treasury with maturities of 20 years or more.
TLT may return to 132-135 neutral zone as a flight to safety.TNX 10-yr yield may have peaked out as investors rotate to the safety of bonds in the 120-114
accumulation zone. TLT has completed a big M-pattern stopping at almost perfect FIBO levels. This ABC wave has already made a 300% retracement from the ATH of 173.89 made last 9Mar2020 before pandemic striked.
The 132-135 zone will be some sort of neutral area for determining inflation or deflation. It is also the neck zone of the M-pattern. As it fell quickly from this zone, the rebound will also be very fast looking at the volume profile that has a large space in between.
5 impulse waves & 3 ABC corrective waves have end this EW cycle & a new cycle shall begin as TLT returns to the baseline of my slanted FIBO CHANNEL where wave 3 had started at Feb2011.
Not trading advice
TNX ZN TKT ZB - 10Year / 20Year / 30YearSh_t Mixed remain Bonds... every flight to Safety has been utterly and systematically
crushed.
It will be again and again as our Bond Market losses its Pillars of which there are 4.
One by one these are failing.
Longer-term, the lose/lose proposition will compound.
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Short term, we'll see how YCC and an overall Market Panic can trend Yields.
The Fed has permitted the Bond Market to generate the necessary adjustments.
Strenght - historically has been in control of only the short end.
Operation twist is no longer relevant, the FED can simply clip coupons and trend into
expiration of Holdings while reinvesting across the entire Curve.
Sadly, engaging in Yield Curve Control (YCC) crossed the Rubicon.
My thesis has been proven entirely correct - instability by design.